The Securities and Exchange Commission (SEC) is proposing amendments that seek to update electronic filing requirements.
“The proposed amendments are intended to modernize and increase the efficiency of the filing process — for filers, investors, or other interested parties,” SEC Chair Gary Gensler said. “Just as we are hoping to update our rules for market participants in the face of rapidly changing technology, it’s also important that we update our rules to make filing obligations more efficient.”
While the SEC presently enables and, at times, requires varied forms to be filed or submitted in paper format, the proposed rule and form amendments would require certain forms to be filed or submitted electronically.
Additionally, the proposals are slated to be published via SEC.gov and in the Federal Register, with officials noting a public comment period will remain open for 30 days after Federal Register publication.
The proposed amendments would also offer technical amendments to certain forms requiring structured data reporting and the removal of outdated references. The amendments are intended to promote efficiency, transparency, and operational resiliency by modernizing how information is submitted and disclosed to the SEC.
The SEC maintains publicly filed electronic submissions would enhance public accessibility while also providing easily searchable formats on the agency’s website.