The U.S. Securities and Exchange Commission has proposed updates to rules governing registered transfer agents. These changes aim to modernize regulations, specifically addressing advancements in financial technology, including blockchain and tokenization.
Proposal Highlights
- The SEC’s proposal seeks to update rules and forms applicable to registered transfer agents, critical components of the national clearance and settlement system SEC Newsroom.
- The proposed amendments intend to adapt 1970s-era regulations to current technological developments, such as blockchain technology and asset tokenization The Block.