The U.S. Securities and Exchange Commission has proposed its first major overhaul of transfer-agent reporting requirements in 40 years, according to Decrypt. The proposed changes would introduce new questions in Form TA-2, including whether transfer agents maintain share registers on distributed ledgers and how many such registers they hold. The proposal highlights the SEC’s focus on tokenization and the use of distributed-ledger technology in securities recordkeeping. Transfer agents are responsible for maintaining records related to securities ownership, making their reporting framework relevant to the development of tokenized assets. The source did not provide details on the proposal’s timing, implementation, or potential effects on specific digital assets. The measure remains a proposal, and the supplied information does not indicate that the changes have been adopted.
