NewsMV
Transfer agent rules that date to the 1970s are in focus, with the Securities and Exchange Commission moving to bring the regulatory framework in line with new technology.
Blockchain and tokenization are the specific developments the agency has named as driving the effort. Transfer agents sit at a specific point in securities infrastructure.
They maintain the official record of who holds a security and manage the mechanics of ownership transfers as those holdings change.
The rulebook governing that function was constructed for paper certificates and centralized systems. It has not materially changed in decades.
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