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ARTICLE · 24 MARCH 2025

Who's Got Next?

With March Madness upon us, the Securities and Exchange Commission (SEC) is joining the action by implementing a sweeping set of technical updates known as EDGAR Next that will change how all SEC filers access the Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system to make their securities filings.

United StatesFinance and Banking

With March Madness upon us, the Securities and Exchange Commission (SEC) is joining the action by implementing a sweeping set of technical updates known as EDGAR Next that will change how all SEC filers access the Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system to make their securities filings. These changes will impact private investment fund managers who make a variety of SEC filings in EDGAR on behalf of fund entities as well as individual fund principals who serve as outside directors of public companies. EDGAR Next is here, and it is contributing to March Madness in its own unique ways.

New Form ID

The first phase of EDGAR Next, which includes a new process for filing a Form ID application for EDGAR access, goes into effect on March 24, 2025. This means any individual or entity needing to generate new EDGAR access codes will have to navigate the new Form ID process beginning March 24. Unfortunately, the notarization requirement for Form IDs

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