Transfer Agent Safeguarding of Funds and Securities

Topic: This Risk Alert highlights some of the risks and issues associated with paying agent activities, identifies significant exam deficiencies related to the safeguarding of funds and securities by paying agents and provides a listing of some common features of robust safeguarding policies, procedures and controls for paying agents.

Key takeaway: Transfer agents should review their practices, policies and procedures to ensure funds and securities are protected while held at the transfer agent.

View the Risk Alert: Transfer Agent Safeguarding of Funds and Securities (PDF)