SEC Adopts EDGAR Next Rules

On September 27, 2024, the Securities and Exchange Commission (SEC) adopted rule and form amendments intended to enhance the security of its Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system and improve filers' access and account management capabilities. These changes are being referred to as EDGAR Next. According to the SEC's fact set, Edgar Next will help to protect investors by:

• improving the security of EDGAR;
• enhancing filers' ability to manage their EDGAR accounts; and
• modernizing connections to EDGAR.

What changes will come with EDGAR Next?

EDGAR Next will make changes to the current EDGAR system. It will require electronic filers to authorize and maintain designated individuals as account administrators. These individuals will need to present individual account credentials obtained from Login.gov to access their accounts and make filings. These individuals will also be required to employ multifactor authentication when