On March 24, 2025, enrollment will open for EDGAR Next and entities and individuals that access the U.S. Securities and Exchange Commission (SEC) EDGAR electronic filing system may begin the application process. EDGAR Next is a program that will eliminate the password-based access system that EDGAR currently uses and require enrollment by all entities and individuals that access the EDGAR filing system, including reporting companies, investment companies and funds, institutional advisers, asset-backed issuers, Section 16 filers, non-reporting companies that file Form D notices and filing agents such as financial printers, law firms, financial institutions and broker-dealers (each, a “Filer”). EDGAR Next will replace the existing password-based access system with a more secure and accountable process requiring individual login credentials provided by the U.S. federal government's Login.gov service, multifactor authentication and specific roles and permissions for each person who accesses or makes filings on behalf of a Filer. EDGAR Next will also introduce application programming interfaces (APIs) that will enable Filers to automate and streamline the filing process and account management functions.
Filers will have from March 24, 2025, to September 12, 2025 (the Enrollment Period) to enroll in EDGAR Next. At the end of the Enrollment Period, Filers that have not enrolled will lose access to EDGAR. Filers that enroll in EDGAR Next during the Enrollment Period may continue to use their password-based credentials to access EDGAR until September 12, 2025. After the end of the Enrollment Period, Filers may only access the EDGAR filing system using EDGAR Next.
For further information, please contact a member of the Haynes Boone Capital Markets and Securities Practice Group.
