SEC Solicits Comment on Transfer Agent Rules in Advance Notice of Proposed Rulemaking (Fed. Reg.)

The SEC published an Advance Notice of Proposed Rulemaking, Concept Release and Request for Comment on Transfer Agent Regulations in the Federal Register.

The Advanced Notice of Proposed Rulemaking covers the following specific areas: (i) transfer agent registration and reporting requirements; (ii) safeguarding of funds and securities; (iii) the revision of obsolete or outdated rules. The Concept Release and Request for Comment addresses additional areas of specific SEC interest, including: (i) processing of book-entry securities; (ii) broker-dealer recordkeeping for beneficial owners; (iii) transfer agents to mutual funds; and (iv) administration of issuer plans.

Comments on the Advanced Notice of Proposed Rulemaking must be submitted by February 29, 2016.