📈SEC Extends Compliance Dates for Electronic Submission Regulations
Extension of Compliance Dates for Electronic Submission of Certain Materials Under the Securities Exchange Act of 1934; Amendments Regarding the FOCUS Report
Summary
The Securities and Exchange Commission ("Commission") is extending by twelve months the compliance dates for certain of the rule amendments the Commission adopted on December 16, 2024, regarding the electronic submission of certain materials under the Securities Exchange Act of 1934 ("Exchange Act") and amendments to the FOCUS Report (Form X-17A-5), a periodic financial and operational report filed by broker-dealers and security-based swap dealers.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The document outlines an extension of compliance dates for electronic reporting under the Securities Exchange Act, impacting businesses' regulatory obligations. A twelve-month delay allows firms more time to adapt their systems and processes to meet new electronic filing and structured data requirements, directly affecting compliance costs and operational planning.