# Year 2000 Readiness Reports To Be Made by Certain Non-Bank Transfer Agents
> **US Securities and Exchange Commission** · Final rule. · Published 1998-11-02 · Effective 1998-12-02 · 63 FR 58630
## Document
- **Document number:** 98-29116
- **Category:** final-rule
- **Agency:** US Securities and Exchange Commission
- **Federal Register citation:** 63 FR 58630
- **CFR reference:** 17 CFR 240
- **Publication date:** 1998-11-02
- **Effective date:** 1998-12-02
- **Docket:** Release No. 34-40587
## Abstract

The Securities and Exchange Commission (``Commission'') is amending Rule 17Ad-18 under the Securities Exchange Act of 1934 (``Exchange Act'') to require certain non-bank transfer agents to file with the Commission a report prepared by an independent public accountant regarding the non-bank transfer agent's process for preparing for the Year 2000. The report will provide valuable information on the existence and sufficiency of a non-bank transfer agent's process for addressing Year 2000 Problems, will provide an independent verification of the accuracy of the information contained in the non-bank transfer agent's second Form TA-Y2K, will aid the Commission in obtaining a more complete understanding of the industry's overall Year 2000 preparations, and will identify institution-specific and industry wide problems. The independent public accountant's report will be available to the public.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/1998/11/02/98-29116/year-2000-readiness-reports-to-be-made-by-certain-non-bank-transfer-agents)
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