NICSA Transfer Agent Compliance Guide

 

NICSA TRANSFER AGENT COMPLIANCE GUIDE

2019 Edition 

 

Overview:

The Transfer Agent Compliance Guide has been prepared to assist investment companies and their various service providers by providing a comprehensive, educational resource of current compliance updates and standards as they relate to the transfer agent function within the asset management industry.

 

Reed Smith, a global law firm and a long-time NICSA member, vetted the citations identified by the NICSA TA Committee and authored Chapter introductions.

 

Donnelley Financial Solutions (DFIN), a leading global risk and compliance company, and active NICSA member, published the Guide. 

 

ACCESS THE DIGITAL VERSION OF THE GUIDE VIA THE MEMBER PORTAL.

 

OBTAIN A HARD COPY OF THIS PUBLICATION.  (2019 AVAILABLE NOW)

(non-members please contact Jordan DeBettencourt at jdebettencourt@nicsa.org) 


This Guide covers the following topics and related regulations:

 

Transfer Agent Registration Requirements

Fingerprinting

Pay to Play

Compliance Programs

Business Continuity

Sarbanes-Oxley Certifications

Annual Study and Evaluation of Internal Accounting Control

Money Laundering and Fraud

Privacy and Data Protection

Blue Sky

Transactions in Fund Shares

Signatures and Paperless Legals

Rule 22c-1 and As-Of Transactions

Rule 22c-2 and Intermediary Oversight

Rule 2a-7: Money Market Funds

ACH Rules

Confirmations and Shareholder Document Delivery

Lost Securityholders and Unresponsive Payees

Record Retention

Responding to Written Inquiries and Requests

Safekeeping of Assets

Backup Withholding

Non-Resident Alien (“NRA”) Withholding

FATCA Information Reporting and Withholding

Taxpayer Identification Number (TIN) Compliance

Tax Information Reporting

Cost Basis Reporting

Traditional IRA Distributions, RMDs, Excess Contributions

Transfer of Assets and Rollovers

Roth IRAs

SEP IRAs

SIMPLE IRAs

Coverdell Education Savings Accounts

529 Plans 

ABLE Accounts

State Fiduciary Rules

 

 

 

 



 

 

 

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