SEC to Host Webinar for Transfer Agents on Regulation S-P

The Securities and Exchange Commission has announced it will hold a webinar for transfer agents regarding the 2024 adoption of amendments to Regulation S-P. The event is scheduled for December 17, marking the second in its series of compliance outreach events.

What's at Stake?

Regulation S-P governs how broker-dealers and transfer agents handle customer information. The upcoming webinar aims to clarify the amendments' implications for transfer agents, which include companies responsible for maintaining shareholder records and facilitating dividend payments.

• The SEC has been increasing scrutiny on compliance with Regulation S-P in recent years.
• Transfer agents must adapt to new requirements, which may impact their business operations and customer relationships.

Risk Assessment

Risk Level: High

Credibility: High

This event affects companies that act as transfer agents, but its broader implications are still uncertain. It's essential for these entities to stay informed about the amendments and their potential impact on business operations.

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