Transfer Agent Advisory Content

As we previously informed you, on March 15, 2023, the Securities and Exchange Commission proposed amendments to Regulation S-P, which governs the duty SEC registrants have to provide privacy notices to customers, to protect such persons' non-public personal information (NPPI), and to...

On March 15, 2023, the Securities and Exchange Commission (SEC) published a proposal that would establish new cybersecurity risk management rules for transfer agents, among other market entities. The proposal seeks to address cybersecurity risks through policies and procedures...

The next meeting of the Transfer Agent Advisory Committee will be held on Tuesday, May 23 from 9:00 a.m. to 4:30 p.m. ET in conjunction with ICI's Leadership Summit. The in-person meeting will take place at the JW Marriott, 1331 Pennsylvania Avenue, NW, Washington, D.C., 20008. The JW...

Yesterday, the SEC published for comment proposed revisions to Rule 248.30 in Regulation S-P. This is the section of the regulation that requires the safeguarding of customer records and information and the disposal of consumer report information. The proposed revisions are summarized...

On February 15, 2023, the Securities and Exchange Commission (the "Commission") adopted rule changes to shorten the standard settlement cycle for most broker-dealer transactions in securities from two business days after the trade date ("T+2") to one business day after the trade date...

Attached please find ICI's comment letter on the SEC's liquidity, swing pricing, hard close, and Form N-PORT proposal, which we filed last night. The proposal would radically change the liquidity risk management requirements for open-end funds (i.e., mutual funds and ETFs), impose on...