The troubles that have shaken the mutual fund industry since 2003 have left many scrambling to understand and address a host of proposed changes. Although the regulatory environment has changed significantly, the fact is that the role of transfer agents has changed less than some might think. True, there are many more regulations to work with, since a dozen new proposals have been put forth by the Securities and Exchange Commission in the past 14 months.
But regulatory compliance has always been an important aspect of transfer agents' responsibility to fund companies. Transfer agents like DST Systems work closely with clients and industry groups to provide comments and propose solutions to regulatory bodies like the SEC and the National Association of Securities Dealers.