ABLE Accounts and More | What’s New in the NICSA TA Guide

TA-Guide-coverThe NICSA Transfer Agent Compliance Guide has just been updated. Here’s what’s new:

New! Section E2 on ABLE accounts, which were created by Congress in December 2014

Major revisions: Sections D1 to D6 revised to reflect various changes to IRA distribution and rollover rules.

Other revisions: Section E1 updated to reflect change to investment discretion rule included in the ABLE account.

Annual review and update: Sections A1 to A10 covering transfer agent administration. Introductions revised to incorporate discussion of SEC exam priorities and proposed rules. In addition:

  • New feature: hyperlinks to proposed rules (when available).
  • Section A3 on Pay-to-Play: references and links to exemptive relief added.
  • Expanded: Section A8 on Money Laundering and Fraud expanded to include FinCEN guidance.


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