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B-336979 Jan 14, 2025 1 (2025-01-14)

handle is hein.gao/gaoris0001 and id is 1 raw text is: AO U.S. GOVERNMENT ACCOUNTABILITY OFFICE 441 G St. N.W. Washington, DC 20548 B-336979 January 14, 2025 Committee on Banking, Housing, and Urban Affairs United States Senate Committee on Financial Services House of Representatives Subject: Securities and Exchange Commission: EDGAR Filer Access and Account Management Pursuant to section 801(a)(2)(A) of title 5, United States Code, this is our report on a major rule promulgated by the Securities and Exchange Commission (SEC) titled EDGAR Filer Access and Account Management (RIN: 3235-AM58). We received the rule on December 30, 2024. It was published in the Federal Register on December 27, 2024. 89 Fed. Reg. 106168. The effective date of the rule is March 24, 2025. According to SEC, it is adopting this rule concerning access to and management of accounts on SEC's Electronic Data Gathering, Analysis, and Retrieval system (EDGAR) that are related to certain technical changes to EDGAR (collectively referred to as EDGAR Next). SEC stated that EDGAR Next will improve the security of EDGAR, enhance filers' ability to manage their EDGAR accounts, and modernize connections to EDGAR. SEC also stated that the rule requires electronic filers (filers) to authorize and maintain designated individuals as account administrators and to take certain actions, through their account administrators, to manage their accounts on EDGAR. SEC stated further that filers may only authorize individuals as account administrators or in the other roles described in the rule if those individuals first obtain individual account credentials in the manner specified in the EDGAR Filer Manual. SEC explained that EDGAR Next changes include optional Application Programming Interfaces (APIs) for machine-to-machine communication with EDGAR. Lastly, SEC noted that it is amending Volume I of the EDGAR Filer Manual to accord with the changes in the rule and that filers will have 12 months from the issuance of the rule to transition to EDGAR Next. Enclosed is our assessment of SEC's compliance with the procedural steps required by section 801(a)(1)(B)(i) through (iv) of title 5 with respect to the rule. If you have any questions about this report or wish to contact GAO officials responsible for the evaluation work relating to the subject matter of the rule, please contact Charlie McKiver, Assistant General Counsel, at (202) 512-5992. Shirley A. Jones Managing Associate General Counsel

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