SEC Moves to Update Transfer Agent Rules for Blockchain and Tokenization
SEC initiates review of 1970s transfer agent regulations to address blockchain infrastructure and tokenized securities.
The U.S. Securities and Exchange Commission is moving to revise rules that govern transfer agents, entities responsible for maintaining records of securities ownership.
The effort targets rules originally written in the 1970s and aims to accommodate blockchain-based systems and tokenization of assets.
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No specific amendments, comment period dates, or implementation timeline have been released.