EDGAR Next: Your Complete Guide to SEC's 2025 Filing System Update

The U.S. Securities and Exchange Commission (SEC) has announced the launch of EDGAR Next, an updated version of its Electronic Data Gathering, Analysis, and Retrieval (EDGAR) Filer Management platform, scheduled for March 24, 2025. This initiative aims to enhance the security of EDGAR, improve filers' account management capabilities, and modernize system interactions.

Key Changes:

• Login Credentials: Authorized individuals will need to obtain Login.gov credentials, a secure sign-in service provided by the U.S. General Services Administration, to access EDGAR Next. This process includes establishing multifactor authentication to bolster security.
• Account Administrators: Filers must designate account administrators within EDGAR Next. These administrators can delegate filing authority, generate custom central index confirmation codes (CCCs), perform annual account information confirmations, and manage user groups.
• Form ID Application: Starting March 24, 2025, new filers must obtain EDGAR codes through an amended Form ID application process, designed to be more user-friendly. This process requires submitting a notarized copy of the amended Form ID via the EDGAR Next dashboard.
• Delegation of Filing Authority: Filers can delegate filing authority to other EDGAR accounts through the EDGAR Next dashboard or an optional delegation API. This feature allows for simultaneous delegation to multiple entities, streamlining the filing process.

Implementation Timeline:

• March 24, 2025: EDGAR Next becomes operational. Filers can begin enrolling in the new platform and obtaining necessary credentials.
• September 15, 2025: Enrollment in EDGAR Next becomes mandatory for all filers to submit their filings. Filers must complete the enrollment process by this date to ensure uninterrupted access.

Nabu's Role in Facilitating Compliance:

In light of these developments, Nabu's AI-driven compliance solutions can assist filers in navigating the transition to EDGAR Next. Nabu automates the management of filing credentials, streamlines the delegation of filing authority, and ensures timely compliance with SEC requirements. By leveraging Nabu's platform, filers can efficiently adapt to the new system, maintain compliance, and focus on their core operations.

For more detailed information on EDGAR Next and the upcoming changes, refer to the original announcement by Morgan Lewis.