M2 Compliance Leads Client Preparation for SEC's EDGAR Next Transition
29 September 2024 - 8:40AM
M2 Compliance, LLC ("M2"), a prominent Registered Filing Agent for
the U.S. Securities and Exchange Commission ("SEC"), is actively
guiding its clients through the impending updates to the EDGAR
filing system under the EDGAR Next rule, which focuses on EDGAR
Filer Access and Account Management. The initiative aims to
substantially enhance access to filer accounts, account management,
and security protocols.
The SEC is introducing the EDGAR Next system,
starting with a beta environment on September 30, 2024, and moving
toward full mandatory compliance by September 15, 2025. We
understand the critical nature of this transition in securing and
optimizing your filing operations. That's why we're committed to
ensuring you experience a seamless shift with minimal
disruption.
Key Transition Dates
September 30, 2024: We'll
assist you in engaging with the Adopting Beta for EDGAR Next. This
includes:
- Access to the new EDGAR Filer
Management website and dashboard for testing with fictional
accounts.
- Capability to submit "test" amended
Form IDs.
- Opportunities to integrate and test
beta versions of APIs.
- Continued access to the legacy
EDGAR filing system until March 24, 2025.
- Note: Participation in this beta
phase requires filers to utilize Login.gov credentials matching
their official filing email addresses.
March 24, 2025: The new EDGAR
Filer Management platform becomes operational. All filers must:
- Enroll or reapply for access via an
amended Form ID on the dashboard using their Login.gov
credentials.
- Engage with fully operational APIs
available for those enrolled or with approved amended Form
IDs.
- Leverage dashboard functionalities
for transition guidance, especially for ABS filers and others
requiring specialized data retrieval or submission features.
September 15, 2025: Full
compliance with the new EDGAR Next regulations is mandatory.
Essential requirements include:
- Mandatory multifactor
authentication (MFA) via Login.gov for all filing activities.
- Deactivation of legacy EDGAR access
codes, with the option to reset remaining until December 19,
2025.
In alignment with the SEC's updates, Microsoft
is enhancing security measures within its Entra platform by
enforcing Modern Authentication protocols, including broader
implementation of Multi-Factor Authentication (MFA) as a standard
security measure. These updates complement the SEC's adoption of
EDGAR Next, underscoring the importance of advanced authentication
practices to safeguard sensitive financial information.
As the CEO of M2 Compliance, I am excited to
announce that we are proactively guiding our clients through the
forthcoming updates to the SEC's EDGAR filing system under the
EDGAR Next rule. This initiative is set to significantly enhance
access to filer accounts, streamline account management, and
bolster security protocols.
At M2 Compliance, we recognize that navigating
these changes can be challenging. Our dedicated team is here to
provide comprehensive solutions and expertise to ensure a smooth
adaptation to the new system requirements. We are committed to
empowering you with the knowledge and resources necessary to
confidently navigate the evolving regulatory landscape.
For assistance or more information about the
EDGAR Next changes, please contact us via email at
implementation@m2compliance.com or call us at (754) 243-5120.
For more information, please contact:
David McGuire, CEOM2 Compliance, LLC 501 East
Las Olas Blvd., Suite 300Fort Lauderdale, Florida 33301Tel: (754)
243-5120Fax: (754) 243-5135 Operated by McGuire Services, LLC, a
Puerto Rico organization