SEC Proposes Rule to Modernize Submission of Certain Materials Under the Securities Exchange Act of 1934

The SEC has issued a proposed rule, Electronic Submission of Certain Materials Under the Securities Exchange Act of 1934; Amendments Regarding the FOCUS Report. The primary purpose of the proposal is to modernize the Commission’s “information collection and analysis methods by, among other things, proposing that a number of filings be submitted to the Commission electronically on EDGAR using structured data where appropriate.”

Comments on the proposed rule are due 30 days after the date of its publication in the Federal Register. For more information, see the press release and fact sheet — as well as statements by SEC Chair Gary Gensler and Commissioners Jaime Lizárraga, Hester Peirce, and Mark Uyeda — on the SEC’s Web site.