Blog  •  November 04, 2021

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SEC Begins Beta Program for Proposed EDGAR Modernization

One of DFIN’s strengths is our deep technical knowledge and our ability to provide clients with headlights into future regulatory changes.

The U.S. Securities and Exchange Commission’s (SEC) proposed modernization of the Electronic Data Gathering, Analysis, and Retrieval system, or EDGAR, is a good example. If adopted, filers would have to create individual user account credentials with a third-party service provider. In addition, each filer would have to assign a filer administrator, who would manage the permissions of individual users with a new management tool.

To evaluate the proposal, DFIN is participating in the beta program the SEC is rolling out in stages. So far, the Commission has made registration capability available. We’ve been able to register via login.gov as a filer administrator and user; and also test a new multifactor authentication feature, which is being contemplated for additional security. 

The SEC says that it expects to roll out additional features of the beta program in November. We will have more to say once we evaluate all aspects of the proposed changes. Stay tuned!

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Marcie Clark

Global Director, EDGAR and Filing Services, DFIN