Unlocking the Secrets of Effective Communication: Tips for Clearer Conversations
The SEC is hosting a webinar on December 17, 2023, from 1 p.m. to 2 p.m. ET, focusing on new compliance amendments to Regulation S-P for transfer agents. This event is part of the SEC's outreach series aimed at assisting registered entities in understanding their compliance obligations, particularly concerning the Safeguards Rule designed to protect investors' personal information. SEC staff will discuss expected interactions during examinations and address compliance inquiries. While advance registration is encouraged, it is not required. Details will be available on www.sec.gov on the day of the webinar, along with additional resources on the Regulation S-P outreach series.
Webinar Announcement on Regulation S-P Compliance
The SEC has announced a webinar on December 17, 2023, from 1 p.m. to 2 p.m. ET, focusing on the upcoming Regulation S-P compliance amendments for transfer agents. This event is part of a series designed to help registered entities understand their new compliance obligations under Regulation S-P, particularly the Safeguards Rule, ensuring the protection of investors' personal information.
Event Details
The SEC's staff will outline expected interactions during examinations and address compliance questions. While advance registration is encouraged, it is not mandatory. Details will be available on www.sec.gov on the day of the event, along with additional information on the Regulation S-P outreach series.
Original Statement
The Securities and Exchange Commission today announced it will hold the second in its series of compliance outreach events regarding the 2024 adoption of amendments to Regulation S-P. The event, for transfer agents, is a webinar scheduled for December 17 from 1 p.m. to 2 p.m. ET. The third event in the series, for small firms, will be announced at a later date.
The Regulation S-P compliance outreach events are tailored for each registrant type and scheduled according to the compliance deadlines published in the Regulation S-P rule amendments. Staff from the Divisions of Examinations and Trading and Markets will cover the new Regulation S-P compliance obligations, discuss what to expect when interacting with an exam team during an examination, and answer any remaining compliance questions.
“When investors share their personal information with a firm, they deserve to know that this information will be protected,” said Keith Cassidy, Acting Director of the Division of Examinations. “We recognize that this is the first time transfer agents are required to comply with Regulation S-P’s Safeguards Rule, and our Division is committed to helping them understand their obligations under the rule to help protect investors’ personal information.”
While not required, advance registration is preferred. Questions may also be submitted in advance. A link to watch the event will be available on Dec. 17 on www.sec.gov. Additional information about each Regulation S-P compliance outreach event, including the agenda and speakers, will be posted on the Regulation S-P Outreach webpage.