IA RC: Transfer Agent Resources

Internal Audit Committee

Transfer Agent Resources

ICI has a Committee dedicated to the interest of our members’ transfer agents. The Committee regularly publishes information that may be of use to the transfer agent community or to funds in overseeing their transfer agents. This information, which may be of interest to internal auditors reviewing a fund’s transfer agent, includes the following:

ICI Transfer Agent/Fund Disclosure Document Matrix (July 2019)

This document details the various types of disclosure documents that transfer agents produce or distribute to comply with regulatory requirements. The information is in the form of a chart that lists the required disclosure and, for each such disclosure, its frequency, acceptable delivery methods, regulatory cite, and any comments.

ICI Transfer Agent/Fund Disclosure Document Matrix (July 2019)

ICI Fraud Incident Tracking Matrix (August 2019)

IThis document is produced by a working group of ICI’s Transfer Agent Advisory Committee to capture information regarding the types of frauds our members’ transfer agents are experiencing on a ongoing basis. This document includes summary information on: the types of fraudulent activity transfer agents are seeing; account types impacted by the fraud; age of affected owners; types of transactions; fraudsters’ success rates; types of perpetrators; effectiveness of authentication controls; and new defenses deployed by transfer agents. It also has information on fraudulent checks received by members. This ICI plans to update this information on a quarterly basis so our members can be apprised of current fraud trends impacting transfer agents.

ICI Fraud Incident Tracking Matrix (August 2019)

The documentation provided by ICI that may be accessed by committee and task force members is restricted to members use only and not for distribution or reproduction. Documentation may be used internally at member organizations as needed to facilitate committee and task force initiatives.