Under proposed Rule 15, the SEC may take the following actions regarding EDGAR submissions:

• inhibiting acceptance or dissemination of an attempted submission that appear to be misleading or manipulative while assessing the circumstances surrounding the submission and granting acceptance or dissemination if concerns are adequately addressed
• blocking submissions that pose a threat to cyber safety
• rectifying system or SEC staff errors
• removing or preventing dissemination of submissions made under a wrong EDGAR identifier
• prohibiting the ability to submit files when there are disputes over the permission to use EDGAR access codes
• resolving similar administrative issues concerning submissions
• preventing an unauthorized submission or otherwise revoke a filer’s access
• removing or preventing dissemination of confidential, identifiable data that could result in personal or financial damage if published

Pursuant to Regulation S-T, the SEC is also adopting amendments that authorize the Director of the agency’s EDGAR Business Office to take actions under the new rule and under 1) Rule 13(b) concerning setting the terms of continuing hardship exemption and 2) Rule 202 regarding the adjustment of a filing date for an electronic filing.

For more information regarding the new rule, contact Rosemary Filou, Chief Counsel; Monica Lilly, Senior Special Counsel; or Jane Patterson, Senior Counsel, at the EDGAR Business Office by phone at (202) 551-3900, or by mail at Securities and Exchange Commission, 100 F Street NE, Washington, DC 20549.

The rule will be effective upon publication of the associated SEC release in the Federal Register.

Sources:

SEC Adopts New Rule 15, Under Regulation S-T (sec.gov)

Administration of the Electronic Data Gathering, Analysis, and Retrieval System (sec.gov)