SECFinal RuleSeptember 10, 2025

Electronic Submission of Certain Materials under the Securities Exchange Act: Amendments Regarding the Financial and Operational Combined Uniform Single Report; Extension of Compliance Dates

Finance & BankingTechnology

Summary

The SEC is changing when brokers and financial firms have to submit certain financial reports electronically and giving them extra time to comply with these new rules. This makes it easier for regulators to track financial company health and protects investors by improving how financial information is reported.

Key Points

1The SEC extended deadlines for when financial firms must switch to electronic submission of their financial reports
2The rule applies to brokers, dealers, and other securities companies that have to file the FOCUS report (a detailed financial statement)
3Companies get more time to update their computer systems and processes to meet the new electronic filing requirements
4Better electronic reporting helps the SEC monitor financial firms' stability and spot problems faster
5These changes aim to modernize outdated filing systems while giving companies reasonable time to adapt

Key Dates

Published

September 10, 2025

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This summary is for informational purposes only. It may not capture all nuances of the regulation. Always refer to the official text for authoritative information.