The U.S. Securities and Exchange Commission (SEC) has proposed updates to rules and forms for registered transfer agents, who are key components of the national clearing and settlement system. The proposal aims to modernize the regulatory framework to reflect changes in the industry and enhance investor protection. The rules have not been significantly updated since the 1980s.
The U.S. Securities and Exchange Commission (SEC) today proposed updates to rules and forms applicable to registered transfer agents. Transfer agents are a critical part of the national clearing and settlement system, and their functions have become more diverse.
The SEC said the proposal is intended to modernize the regulatory framework to reflect changes in the transfer agent industry and strengthen investor protection. The relevant rules have not undergone major updates since the 1980s.
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