<p>One transfer agent would retain control, while physical addresses remain the minimum in the drafted rule.</p>
<p>The post <a href="https://cryptoslate.com/the-sec-is-rewriting-50-year-old-wall-street-rules-to-let-public-blockchains-decide-who-legally-owns-a-stock/">The SEC is rewriting 50-year-old Wall Street rules to let public blockchains decide who legally owns a stock</a> appeared first on <a href="https://cryptoslate.com">CryptoSlate</a>.</p>

The SEC is updating regulations that have been in place for 50 years to allow public blockchains to determine legal stock ownership. Under the proposed rule, one transfer agent would maintain control, while physical addresses would remain the minimum requirement.

The SEC is rewriting 50-year-old Wall Street rules to let public blockchains decide who legally owns a stock

New Form TA-2 questions would make agents report how many share registers they keep on distributed ledgers.

The SEC has proposed its first overhaul of transfer agent regulations in 40 years, introducing new Form TA-2 questions that require agents to report the number of share registers they maintain on distributed ledgers, reflecting the growing influence of tokenization in the financial sector.

SEC Proposes First Transfer Agent Overhaul in 40 Years, Citing Tokenization

The U.S. Securities and Exchange Commission has proposed its first major transfer-agent rule overhaul in more than four decades as blockchain recordkeeping, tokenized securities and automated systems enter regulated U.S. markets. The SEC, in a proposed rule, said most of&#8230;

The U.S. Securities and Exchange Commission has proposed a significant overhaul of transfer-agent rules for the first time in over 40 years, addressing the emergence of blockchain recordkeeping, tokenized securities, and automated systems in regulated U.S. markets.

SEC proposes transfer agent overhaul for tokenized securities

قدمت لجنة الأوراق المالية والبورصات الأمريكية اقتراحًا كبيرًا لإعادة هيكلة قواعد وكلاء التحويل لأول مرة منذ أكثر من 40 عامًا، مع التركيز على تسجيل السجلات على البلوكشين والأوراق المالية المرمزة. يهدف هذا التغيير إلى تحديث كيفية تسجيل وإدارة ملكية الأسهم في الأسواق المنظمة، مما يسمح للبلوكشين العامة بلعب دور في تحديد الملكية القانونية.

La Comisión de Valores de EE. UU. ha propuesto su primera revisión importante de las reglas de los agentes de transferencia en más de 40 años, centrándose en la contabilidad de registros en blockchain y los valores tokenizados. Este cambio tiene como objetivo modernizar la forma en que se registra y gestiona la propiedad de las acciones en los mercados regulados, permitiendo que las blockchains públicas desempeñen un papel en la determinación de la propiedad legal.

La Commission des valeurs mobilières des États-Unis a proposé sa première refonte majeure des règles des agents de transfert en plus de 40 ans, en se concentrant sur la tenue de registres blockchain et les titres tokenisés. Ce changement vise à moderniser la façon dont la propriété des actions est enregistrée et gérée sur les marchés réglementés, permettant aux blockchains publiques de jouer un rôle dans la détermination de la propriété légale.