The Securities and Exchange Commission today adopted changes that require investment advisers, institutional investment managers, and others to file documents electronically. The changes will make information more accessible and available on the internet by making it searchable.
“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.”
Electronic filing capabilities help in today’s chaotic world, guaranteeing the safety of vital data and allow for quick retrieval if necessary. Expanding electronic submission will make the office better prepared for future disruptions.
Starting January 3rd, 2023, traders will need to submit Form 13Fs electronically. The new rules go into effect as of now, but there is a transition period for filers to make changes if necessary.