SEC Proposes New Standards for US Transfer Agents
The proposal would update registration, recordkeeping and safeguarding standards as blockchain-based records and tokenized securities grow, with comments due 60 days after publication.
- The SEC proposed updating decades-old transfer-agent rules to better govern blockchain-based recordkeeping and tokenized securities, addressing risks from increasingly automated market infrastructure.
- Current regulations date to the late 1970s and 1980s, leaving gaps in cybersecurity and operational resilience as the industry shifted from manual recordkeeping to digital systems.
- Under the proposal, transfer agents would face expanded reporting requirements and stricter compliance standards, while companies could opt for semiannual reporting and simplified filer classifications.
- The agency is seeking public comment on these changes, with submissions due 60 days after the proposal appears in the Federal Register.
- Market participants are seeking to bring 'onchain' transfer agents into the Market, the SEC said, while the agency also reviews custody rules for digital assets.
11 Articles
11 Articles
SEC proposes transfer agent overhaul for tokenized securities
The U.S. Securities and Exchange Commission has proposed its first major transfer-agent rule overhaul in more than four decades as blockchain recordkeeping, tokenized securities and automated systems enter regulated U.S. markets. The SEC, in a proposed rule, said most of…
Cointelegraph
The New York LedgerSEC Proposes New Standards for US Transfer Agents
The proposal would modernize rules largely unchanged since the 1980s, addressing blockchain-based recordkeeping, tokenized securities and increasingly automated market infrastructure.
SEC Moves to Modernize Decades-Old Rules for the Blockchain and AI Era
The U.S. Securities and Exchange Commission (SEC) presented a historic proposal to comprehensively modernize transfer agent rules that have been in place since the 1970s. Paul Atkins, Chairman of the regulatory agency, said this reform seeks to bring recordkeeping and settlement in line with modern infrastructure, formally integrating electronic communications, blockchain technology, and artificial intelligence ...
SEC Drafts Major Overhaul of Transfer Agent Rules, Mentions Blockchain
The U.S. Securities and Exchange Commission (SEC) has proposed a significant rewrite of the rules that govern transfer agents—firms responsible for maintaining key records and processing securities transfers. The agency says the overhaul is needed as blockchain-based recordkeeping and tokenized securities move closer to mainstream use in U.S. markets. In a proposal published by the [...]
SEC Moves to Rewrite Wall Street's Rules for the Tokenized Era
Summary: Most federal transfer-agent rules date from the late 1970s and early 1980s. The proposal explicitly accommodates blockchain-based recordkeeping. Transfer […] The post SEC Moves to Rewrite Wall Street’s Rules for the Tokenized Era appeared first on CoinsPress.
Cryptocurrency News | Cryptocurrency Prices | Market Cap
BITRSSSEC proposes broad update to decades-old transfer agent rules with blockchain nod
The proposal would modernize rules largely unchanged since the 1980s, addressing blockchain-based recordkeeping, tokenized securities and increasingly automated market infrastructure.
Coverage Details
Bias Distribution
- 100% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
