The technical modifications to EDGAR filer access and filer account management were designed to yield enhanced overall security of the EDGAR system, improved ability of filers to securely maintain access to their EDGAR accounts, facilitated management of EDGAR credentials, and simplified procedures for accessing EDGAR.

The proposed rule allowing technical changes to EDGAR would result in the following modifications:

• those seeking to file on EDGAR on behalf of a filer will be directed to a third-party service provider both to create individual user account credentials and enable multi-factor authentication
• each filer would appoint a “filer administrator” comparable to the current filer contact person that receives the filer’s EDGAR access codes. Through a new filer management tool on EDGAR, the filer administrator would be able to manage permissions of the filer’s individual users

The Chair has now charged the staff with evaluating ways the agency might address the concerns that commenters shared in response to the SEC’s Request for Comment on Potential Technical Changes to EDGAR Filer Access and Filer Account Management Processes. The staff plans to gather more information and discuss the issues voiced by commenters, including consideration of additional approaches to enhancing EDGAR access.

Sources:

Update Regarding Commission’s Request for Comment on Potential Technical Changes to EDGAR (sec.gov)

Request for Comment on Potential Technical Changes to EDGAR Filer Access and Filer Account Management Processes (sec.gov)