SEC Proposes Rule Related to Registered Transfer Agents

The SEC has released a proposed rule that would modernize “the rules and forms that apply to registered transfer agents.” Such agents are a “key component of the national clearance and settlement system, performing critical functions related to the securities lifecycle that help protect investors and support the prompt and accurate processing of securities transactions.”

For more information, see the press release and fact sheet — as well as the statements by SEC Commissioners Hester Peirce and Mark Uyeda — on the SEC’s Web site.