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2016 Annual Conference

Program Highlights

OCTOBER 25-28, 2016 • The Ritz-Carlton-Naples, Naples, Florida


President’s Remarks
STA President, Todd J. May, will discuss recent and ongoing STA initiatives, with emphasis on our continuing participation with industry groups working on the implementation of a shortened settlement cycle, (T+2), by the third quarter of 2017. He will also discuss all the work that has been done on our response to the SEC Concept Release and Advance Notice of Rulemaking, as well as our response to the DTC Proposed Rule Filing with respect to the imposition of Deposit Chills and Global Locks. The STA continues to be an active advocate for its members, (and the issuers and shareholders they serve), with regulators and governmental officials. This session will bring you up to date.

SEC Update
Two senior SEC spokespersons, Gary Goldsholle, Deputy Director of Trading and Markets, and Eric Garvey, Office of Compliance Inspections and Examinations, will provide an update for our industry on current SEC regulatory initiative and issues. We have allotted a generous amount of time for this session, per member request, which will allow the opportunity to dialogue with the Commission.

Modernization of the Transfer Agent Rules
During the first two mornings of the Conference, we will be doing a deep dive into the suggestions for transfer agent rule changes found in the SEC Concept Release, from the perspectives of different groups within our membership. You will hear thoughts and concerns from our Legal Committee, our Operations Committee and also a special session of the challenges related to restricted securities and legend removal.

Our Small Agents Committee will address the rules that they find of concern in the special Small Agents Program to be held on Wednesday afternoon. This session will be led by Mark Harmon, Hodgson Russ LLC and Kara Kennedy, ClearTrust LLC.

DTC Update
Jim Femia, Managing Director of Global Operations and Client Services at DTCC, will provide an update about current and future DTCC plans and initiatives, as well as the status of the dematerialization efforts in the industry.  Many changes are happening in our industry – trade settlement cycles, regulation, disruptive technologies and new entrants in the marketplace.  Jim will share his perspectives on this fast and ever changing environment.

OTC Markets Transfer Agent Data Submission Program
OTC Markets Group has developed a new process for providing current, reliable share data to investors of OTCQX, OTCQB and Pink securities. Transfer agents are in a position to help their clients build credibility in the market. One of the largest risks to investors of small companies is dilution. And timely disclosure of changes in shares outstanding is among the most difficult information for investors and traders to access.  Together, OTC Markets Group and transfer agents can help issuers build trust by providing transparency. Dan Zinn, General Counsel for OTC Markets will present the details of this process:

Shortened Settlement Cycle
By the time of our Conference, the implementation date for T+2 will be only 1 year away! We have identified some industry experts on this topic, including John Abel. Executive Director of Settlement and Asset Servicing Strategy in the Product Management group at DTCC, as well as Kevin Burns and Katie Sevcik, the Co-Chairs of our Operations Committee, who will tell us what agents need to do in order to be ready.

Cost Basis Revisited
On Thursday afternoon, October 27, Stevie Conlon, Senior Director and Tax Counsel from Wolters Kluwer will provide an interactive session on the cost basis reporting law, a topic repeatedly requested by our members. The session will provide an opportunity to have your questions answered and provide insight to help ensure that your organization is in compliance with the cost basis regulations. Both debt and equity issues will be covered.

Unclaimed Property Issues
Charles S. Hawkins, Vice President, BNY Mellon Asset Servicing, will lead a panel of experts in the Unclaimed Property arena, discussing current trends, legislative issues, and legal issues of concern. They will also discuss the outcome of the years of deliberation by the Uniform Law Commission, and the main issues to be found in the new Uniform Unclaimed Property Act.

Open Forum
This year, the STA will continue its tradition of holding our Open Forum, where attendees can discuss the issues of the day with one another. Why reinvent the wheel? Share your concerns and hear what others are doing to solve similar problems. The agenda for this session is created by you, the attendees, and covers a wide range of topics. These sessions have been consistently popular and have engendered some provocative discussion in the past. Cynthia Jones, Executive Director of the STA, will host this session and the agenda will be distributed ahead of time.

Other Special Events
Of course, the Annual golf Tournament is a continuing favorite at this Conference, as are the Gala Banquet on Thursday night, and the luncheon with the vendors who support us. This year, the event for First Time Attendees and New Members will again be a cocktail reception. Mark your calendars now and make plans to join us at the Ritz Carlton, in Naples, Florida, Oct 25-28, 2016. And plan to stay for the last session on Friday morning, October 28, as those who are present will qualify for the drawing for a gift certificate for the Apple Store.

We are still continuing to enhance the content of the Conference, so stay turned!