SEC Extends Comment Deadline for Transfer Agent Regulations (Fed. Reg.)

The SEC extended the comment period for its Transfer Agent Regulations until April 14, 2016. The Notice was published in the Federal Register. The comment period had been scheduled to end on February 29, 2016.

The proposed rulemaking covers: (i) transfer agent registration and reporting requirements, (ii) the safeguarding of funds and securities, and (iii) the revision of obsolete or outdated rules. The Concept Release and Request for Comment address additional areas including (i) the processing of book-entry securities, (ii) broker-dealer recordkeeping for beneficial owners, (iii) transfer agents to mutual funds, and (iv) the administration of issuer plans.