SEC Extends Regulatory Relief For Registered Transfer Agents

The SEC extended certain regulatory relief for registered transfer agents from May 30, 2020 to June 30, 2020. The SEC issued the relief to address the anticipated needs of transfer agents and others that have been affected by COVID-19.

As previously covered, the SEC provided relief for registered transfer agents from fulfilling Exchange Act requirements concerning the (i) clearance and settlement of securities transactions, and (ii) safeguarding of securities and funds. Transfer agents who rely on the relief must provide written notice to the SEC detailing why they cannot meet the requirements absent such relief.

Primary Sources

1. SEC Order Extension: Order Under Section 17A and Section 36 of the Securities Exchange Act of 1934 Granting Exemptions from Specified Provisions of the Exchange Act and Certain Rules Thereunder