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IAs, IIMs in US can do electronic filing

IAs, IIMs in US can do electronic filing

The US Securities and Exchange Commission has adopted amendments requiring investment advisers (IAs), institutional investment managers (IIMs), and other entities to file or submit certain documents electronically.

The amendments also make technical changes to modernize Form 13F and enhance the information provided. The amendments are intended to promote efficiency, transparency, and operational resiliency by modernizing how information is filed or submitted to the commission and disclosed to the public. Electronic filings will be more readily accessible to the public and available on websites in easily searchable formats.

“In a digital age, it is important for filers to have easy, online methods to submit information to the Commission, and where appropriate for investors to have easy, online access as well,” said SEC Chair Gary Gensler. “Electronic filing, as opposed to paper filing, makes this submission and disclosure more efficient, transparent, and operationally resilient. In light of this, these amendments benefit filers, investors, and the SEC.”

Electronic filing capabilities have helped address logistical and operational issues raised by the spread of Covid-19. The new rules and form amendments will be effective 60 days after publication in the Federal Register. The amendments to Form 13F will be effective on January 3, 2023.

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