Lost Securityholders and Unresponsive Payees: Final Rule (SEC - Fed. Reg. Version)

The SEC announced in the Federal Register that it has adopted amendments to Exchange Act Rule 17Ad-17 ("Transfer Agents' Obligation to Search for Lost Securityholders") to implement the requirements of Dodd-Frank Section 929W. That Section added to Exchange Act Section 17A subsection (g), "Due Diligence for the Delivery of Dividends, Interest, and Other Valuable Property Rights," which directs the SEC to revise Rule 17Ad-17.

Click here to view our original story on the extension, including a brief analysis and commentary.

Effective Date: March 25, 2013.

Compliance Date: January 23, 2014.

See: 77 FR 4768.See also: Proposed Rule Release No. 34-64099 and Comments.