SEC’s statement on Final Rule Amendments to Electronic Filing Requirements

Modernizing & Increasing the Efficiency of SEC Filers

Earlier this year, in June 2022, the Securities Exchange Commission voted unanimously to finalize rule amendments to mandate the electronic filing of certain documents previously submitted on paper by investment advisers, institutional investment managers, and others.

The rule also updates the content of quarterly reports on Form 13F. 

Impact of SEC on Electronic Filing Requirements

The new electronic filing requirements will affect three types of filings that previously were submitted on paper: 

(i) confidential treatment requests for Form 13F; 

(ii) applications under the Investment Advisers Act of 1940 (Advisers Act); and

(iii) Form ADV-NR

The first two of these must be submitted to the EDGAR system, and Form ADV-NR must be submitted to the Investment Adviser Registration Depository (IARD) system.

Impact on Form 13F

This rule also will enhance the information reported on Form 13F. These changes include requiring filers to provide additional identifying information, allowing filers to offer an additional security identifier for securities reported on the form, and making other technical amendments to improve the quality of data reported on the form.

Given the access to technology, filers need easy, online methods for submitting information, and appropriate for investors to have effortless online access. 

Electronic filing, as opposed to paper filing, makes this submission and disclosure more efficient, transparent, and operationally resilient. In light of this, these amendments benefit filers, investors, and the SEC.

Compliance Reporting Partner

Digitizing Compliance Reporting is vital for all stakeholders, the regulator, the filer, investors, and others. We understand the importance of preparing top-quality EDGAR & iXBRL reports for SEC Compliance. Entrust your filing requirements with a seasoned Compliance Reporting Partner and mitigate risks. 

Contact us to learn more about how you can quickly and efficiently handle your regulatory reporting requirements. We specialize in cost-effective reporting that has produced over 17,000 XBRL reports & 84,000+ EDGAR filings for over 800 clients in the US. Get in touch with an iXBRL expert and understand how we can simplify compliance reporting for you.