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SEC proposes first transfer agent overhaul in 40 years

The proposal would require transfer agents to report how many share registers they maintain on distributed ledgers under a new Form TA-2.

Reported · Written up by our desk · Regulation

The SEC has proposed what it says would be the first overhaul of transfer agent rules in about 40 years, citing the growing role of tokenization.

According to Decrypt, the plan introduces new Form TA-2 questions aimed at increasing transparency around how transfer agents operate with distributed ledgers.

In particular, the form would ask agents to report how many share registers they keep on distributed ledgers, a change designed to clarify responsibilities as market activity shifts toward tokenized structures.

The SEC’s proposal focuses on these reporting requirements, without a wider description of new market conduct details in the available summary.

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