28 Feb 2025
📄SEC Rule 17Ad-11 Extension
Submission for OMB Review; Comment Request; Extension: Rule 17Ad-11
Summary
The Securities and Exchange Commission announces the submission for OMB review focusing on Rule 17Ad-11, outlining the obligations for registered transfer agents regarding reporting discrepancies in securities records and maintaining compliance. This notice emphasizes the need for accurate reporting practices to enhance the oversight of transfer agents in the securities market.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
This content details Rule 17Ad-11, which requires registered recordkeeping transfer agents to report specific information, thus introducing compliance obligations for affected businesses. It highlights regulatory requirements that can impact operational practices, requiring adequate reporting and recordkeeping.