🚨🇺🇸SEC Proposes Comprehensive Modernization of Transfer Agent Rules Today the U.S. Securities and Exchange Commission proposed a significant update to the rules and forms that govern registered transfer agents — the first major overhaul of this framework since the late 1970s and early 1980s. Transfer agents play a critical role in the national clearance and settlement system by maintaining shareholder records, processing transfers of ownership, and facilitating communications between issuers and investors. The existing rules no longer fully reflect how these entities operate in a digital environment. ✴️The proposal would: • Modernize recordkeeping, reporting, and operational requirements • Explicitly address electronic communications and the use of blockchain technology in securities offerings and share transfers • Rescind outdated provisions while introducing new rules covering services provided to issuers, investors, and intermediaries • Streamline forms to reduce unnecessary compliance burdens while preserving investor protection and market integrity SEC Chairman Paul S. Atkins stated that the proposal “would streamline and modernize the Commission’s rules to reflect transfer agents’ current processes and operations, including the use of electronic communications and blockchain technology.” Jamie Selway, Director of the Division of Trading and Markets, noted that revisiting legacy regulations is essential as technology and market practices evolve. The proposing release will be published in the Federal Register, after which the public will have 60 days to submit comments. This initiative represents another step in aligning the regulatory framework with contemporary market infrastructure while maintaining the safety and efficiency of U.S. securities markets.🧐 #NK10 #Bitcoin #Crypto #Sec