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SEC proposes transfer agent rule overhaul to address electronic securities

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Photo: Jeff Hutchens/Getty Images

The Commission has proposed updates to registered transfer agent regulations, seeking to align decades-old rules with electronic recordkeeping and blockchain-based securities activity.

The SEC has proposed comprehensive amendments to the rules governing registered transfer agents, a move toward modernizing regulations for a critical component of the US securities settlement system.

The proposal would update rules and forms applicable to registered transfer agents, which maintain ownership records, facilitate securities transfers, and support

According

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