SEC Proposes Major Update to Decades-Old Transfer Agent Rules

The Securities and Exchange Commission has proposed sweeping updates to transfer agent rules. The move aims to align decades-old requirements with today’s rapidly changing securities infrastructure.

Transfer agents help maintain ownership records and support transactions across U.S. securities markets. However, their responsibilities have expanded significantly since regulators established the framework decades ago.

The SEC said the proposed changes would address newer technologies, electronic recordkeeping, and evolving industry practices. Additionally, the proposal would update existing rules and forms while introducing new requirements.

Blockchain and Digital Records Gain Recognition

Blockchain is increasingly part of securities offerings and transfer. As a result of these technological advances, the SEC desires its transfer agent regulations to be more responsi…

Read The Full Article SEC Proposes Major Update to Decades-Old Transfer Agent Rules On Coin Edition.