Compliance Outreach on Regulation S-P

Navigating Amended Privacy Requirements

The Securities and Exchange Commission is holding the second of three virtual compliance outreach events regarding the 2024 adoption of amendments to Regulation S-P. This session focuses specifically on transfer agents, with staff from the Division of Examinations and the Division of Trading and Markets covering new compliance obligations, examination processes, and providing opportunities for compliance questions. The Regulation S-P compliance outreach series is tailored for each registrant type and scheduled according to corresponding compliance deadlines.

Event Focus

This virtual outreach event addresses transfer agent compliance requirements under the amended Regulation S-P framework. SEC staff will explain new obligations, clarify examination expectations, and answer compliance questions to assist transfer agents in meeting their regulatory deadlines. The session provides practical guidance on implementing required programs, policies, and procedures while understanding how the SEC will approach examinations of these requirements.

Event Details

Advance registration is preferred but not required for this virtual event. Participants may register and submit questions ahead of the session. A livestream will be available on the event date, enabling broad participation from transfer agents and compliance professionals responsible for Regulation S-P implementation.

Agenda

Panel A: Historical Discussion and New Provisions

This panel covers the regulation's history, including core aspects of the regulatory framework and past risk alerts. Discussion will address the rule amendments, entities subject to the Regulation S-P Amendments, incident response program expectations, and SEC perspectives on monitoring processes. The panel will also examine expected format and production requirements for customer notices.

Panel B: Examination Approach and Future Guidance

This panel provides SEC perspectives on the examination lifecycle for entities subject to Regulation S-P, including expected maintenance and production of policies, procedures, books, and records. Discussion will cover potential Risk Alerts and other SEC publications relevant to ongoing compliance.

What to Expect

This compliance outreach session enables transfer agents to gain direct insights from SEC examination and regulatory staff on implementing amended Regulation S-P requirements. Participants will learn about compliance expectations, examination procedures, and documentation requirements while having opportunities to address specific questions relevant to their implementation efforts. The event supports effective compliance by providing clarity on regulatory expectations before examination activities commence.