The U.S. Securities and Exchange Commission (SEC) today adopted amendments to require the electronic filing, submission, or posting of certain forms, filings, and other submissions made by national securities exchanges, national securities associations, clearing agencies, broker-dealers, security-based swap dealers, and major security-based swap participants.
“Today’s amendments build on more than 20 years of Commission actions to modernize filing and recordkeeping requirements,” said SEC Chair Gary Gensler. “I’m pleased that the Commission has taken the next step towards updating our requirements for the digital age.”
Previously, many registrants were required to file or submit Exchange Act forms and other materials to the SEC in paper form. Under the new amendments, registrants will now electronically submit these filings using the SEC’s EDGAR system, in structured data format where appropriate, or by posting them online.
Additionally, the SEC is adopting changes to the Financial and Operational Combined Uniform Single (FOCUS) Report to harmonize with other rules and forms, and to provide technical corrections and clarifications.
The adopting release has been published on SEC.gov and will also be published in the Federal Register. The amendments will take effect 60 days after publication in the Federal Register. The compliance dates for these amendments vary depending on the applicable form or rule, with deadlines ranging from 60 days to on or after June 30, 2028.
