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Franklin Templeton Investor Services LLC

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  1. 2026

    SEC Staff Grants Franklin Templeton No-Action Relief for Blockchain-Recorded Fund Custody

    On August 12, 2026, the SEC's Division of Investment Management issued a no-action letter granting Franklin Templeton relief under Section 17(f) of the Investment Company Act and Rule 17f-2, allowing its affiliated transfer agent Franklin Templeton Investor Services LLC to act as custodian for certain Franklin Templeton funds' investments in shares of the blockchain-recorded Franklin OnChain U.S. Government Money Market Fund without complying with Rule 17f-2(b), (e), and (f), subject to 12 conditions centered on transfer-agent control of the authoritative ownership record.