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Final Rule

Notice of Assumption or Termination of Transfer Agent Services

Overview

Securities and Exchange Commission today is adopting new Rule 17Ad-16 under the Securities Exchange Act of 1934 which requires a registered transfer agent to provide written notice to a registered securities depository when terminating or assuming transfer agent services on behalf of an issuer or when changing its name or address. The rule will address a continuing problem of unannounced transfer agent changes which affects the prompt transfer of securities certificates.

Last Reviewed or Updated: Dec. 1, 1994