Effective Date Set for SEC Final Rule Expanding EDGAR System Electronic Filing Requirements

Final rules and form amendments requiring certain financial documents to be filed electronically through the SEC EDGAR system will become effective on July 11, 2022. The notice was published in the Federal Register.

As previously covered, the final rule will remove the option for firms to submit paper filings and require electronic submission of all financial documents currently eligible for electronic submission, as well as require additional forms to be filed electronically, including "the 'glossy' annual report to security holders, notices of exempt solicitations and exempt preliminary roll-up communications, notices of sales of securities of certain issuers, filings of required reports by foreign private issuers and filings made by multilateral development banks." The final rule will update certain forms to incorporate structured data reporting and remove outdated references.