The SEC proposed amendments Wednesday, March 22, designed to modernize its information collection and analysis methods by, among other things, requiring that registrants file several submissions electronically.
Currently, registrants need to file or otherwise submit many Exchange Act forms, filings or other submissions on paper. The proposed amendments would require registrants to make these submissions electronically on the Electronic Data Gathering, Analysis and Retrieval (EDGAR) system, using structured data where appropriate.
Specifically, the proposed amendments would require the electronic filing, submission or posting of certain forms, filings and other submissions that national securities exchanges, national securities associations, clearing agencies, broker-dealers, security-based swap dealers and major security-based swap participants make with the SEC.
The public comment period on the proposal will remain open for 30 days after publication in the Federal Register or until May 22, whichever is later.