Extension of Compliance Dates for Electronic Submission of Certain Materials Under the Securities Exchange Act of 1934; Amendments Regarding the FOCUS Report

Document 2025-17402 is a Final Rule published by the Securities and Exchange Commission in the Federal Register on September 10, 2025, with an effective date of September 10, 2025. The Securities and Exchange Commission ("Commission") is extending by twelve months the compliance dates for certain of the rule amendments the Commission adopted on December 16, 2024, regarding the electronic submission of certain materials under the Securities Exchange Act of 1934 ("Exchange Act") and amendments to the FOCUS Report (Form X-17A-5), a periodic financial and operational report filed by broker-dealers and security-based swap dealers. View the original at https://www.federalregister.gov/documents/2025/09/10/2025-17402/extension-of-compliance-dates-for-electronic-submission-of-certain-materials-under-the-securities.

No. Document 2025-17402 is not classified as economically significant under Executive Order 12866. Economically significant rules require OIRA review and are estimated to have impacts of $100 million or more per year.