The U.S. Securities and Exchange Commission’s (SEC) EDGAR System is undergoing a significant transformation to enhance security and improve filers’ access to the EDGAR System. These rule and form amendments will introduce substantially new security enhancements centered on access to and management of registrant and reporting owner accounts, how Form IDs are processed, and how forms are filed on the EDGAR system.
Some key takeaways you should pay close attention to include:
- EDGAR-Next and the proposed rule impact all current and future registrants and filers.
- All registrants and reporting owners must create individual Login.gov accounts to access the EDGAR system.
- Registrants and reporting owners that utilize a filing agent to act on their behalf must provide authorization to use their CIK.
- All registrants and reporting owners must authorize and maintain at least two individuals as account administrators to act on their behalf and manage their EDGAR account. Individual or single-member company filers need at least one individual as an account manager.
- All registrants and reporting owners must assign and confirm all users, account administrators, delegated entities, and technical administrators annually.
The SEC encourages all registrants and reporting owners to participate in its beta program. The site is live now and will remain accessible through March 15, 2024. Registration is not required. For more details on the beta site, click here.
In the meantime, if you have any questions, our team of experts at DFIN has the answers. Please check this site regularly to remain informed on all the latest developments.