SEC Proposes Rules Modernizing Transfer Agents for Blockchain and Digital Era
Proposal covers electronic recordkeeping and blockchain use in securities transfers.

The Securities and Exchange Commission proposed updates to rules governing registered transfer agents. The changes address electronic communications, recordkeeping, and blockchain technology for securities offerings and share transfers. Current regulations have seen little revision since the late 1970s and early 1980s. Multiple posts quote the SEC announcement that the updates reflect existing processes and operations. The proposal now moves to a 60-day comment period. Sources include the official SEC press release and statements from Chairman Paul Atkins.
SEC propose his new rules to modernize transfer agent operations, including rules specifically tailored for securities transacted on blockchains, transactions for which transfer agent agents currently play a critical role.…
SEC Proposes Rules Modernizing Transfer Agents for Blockchain and Digital Era
Proposal covers electronic recordkeeping and blockchain use in securities transfers.

The Securities and Exchange Commission proposed updates to rules governing registered transfer agents. The changes address electronic communications, recordkeeping, and blockchain technology for securities offerings and share transfers. Current regulations have seen little revision since the late 1970s and early 1980s. Multiple posts quote the SEC announcement that the updates reflect existing processes and operations. The proposal now moves to a 60-day comment period. Sources include the official SEC press release and statements from Chairman Paul Atkins.