SEC publishes final rule requiring certain electronic filings

Securities Agency Rule-Making & Guidance SEC EDGAR Federal Register

On June 3, the SEC announced a final rule requiring certain forms to be filed or submitted electronically. The final rule also amends forms to require structured data reporting and remove outdated references. According to the SEC, the final rule is “intended to promote efficiency, transparency, and operational resiliency by modernizing how information is filed or submitted to the Commission and disclosed to the public.” The SEC also noted that electronic filings will be more accessible and available on the SEC website in searchable formats. The public comment period will be open for 30 days after publication in the Federal Register. The SEC released a Fact Sheet providing information on the amendments to electronic filing requirements. According to a statement released by SEC Chair Gary Gensler, the final rule “will modernize and increase the efficiency of the filing process—for filers, investors, and the SEC.”