📈SEC Rule 17Ad-17
The SEC announces a request for an extension of information collection under Rule 17Ad-17, requiring brokers and transfer agents to search for lost securityholders and notify them. The rule involves maintaining records, incurs significant costs, and impacts a large number of financial entities. Public comments are invited on the proposed collection.
Learn More📈Rule 17Ad-16 Compliance Requirements for Transfer Agents
The SEC issued a notice concerning Rule 17Ad-16, requiring registered transfer agents to notify qualified securities depositories of any changes in their services. This rule aims to prevent delays in certificate transfers by ensuring accurate communication between transfer agents and depositories. The notice includes an estimated financial burden for compliance, reflecting the need for thorough record-keeping and notification practices.
Learn More📃Federal Reserve Notice on Exempted Transfer Agent Status
The Board of Governors of the Federal Reserve System (Board) invites comment on a proposal to extend for three years, without revision the Notice Claiming Status as an Exempted Transfer Agent (FR 4013; OMB No. 7100-0137).
Learn More📄SEC Proposed Collection Notice on Rule 17Ad-16 Compliance
The SEC announces a request for comments regarding the extension of Rule 17Ad-16, which mandates registered transfer agents to notify securities depositories when changes to services occur. It also outlines the compliance burden and cost estimates associated with submitting these notices annually, aiming to streamline certificate transfers and reduce delays.
Learn More📄SEC Rule 17Ad-11 Extension
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.
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