SEC Delays Digital Switch for Brokers: One More Year to Prep
Published Date: 9/10/2025
Rule
Summary
The SEC is giving broker-dealers and security-based swap dealers an extra year to switch to electronic filing for some reports under the Securities Exchange Act. This delay means they have more time to get their digital paperwork in order without rushing. No new fees or penalties—just a friendly extension to help everyone adjust smoothly.
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
12-Month Filing Deadline Delay
The SEC is giving broker-dealers and security-based swap dealers an extra twelve months to meet new electronic filing requirements adopted on December 16, 2024. This extension also applies to amendments to the FOCUS Report (Form X-17A-5). There are no new fees or penalties attached to this one-year delay.
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