To shore up the Securities and Exchange Commission’ cybersecurity controls, the agency recently modified its approach to the pending requirement for registered investment companies to file Form NPORT electronically while the agency continues its review and updating of its EDGAR corporate filing system.
The agency announced that for the first nine months after the Form N-PORT compliance date of June 1, 2018, larger fund groups will maintain the Form N-PORT information in their records and make it available to the Commission upon request in lieu of filing the form on EDGAR.
The SEC adopted Form NPORT to require registered investment companies to report enhanced information about their monthly portfolio holdings in a structured data format.
SEC Chairman Jay Clayton announced earlier this year that EDGAR had been hacked in 2016.
Smaller fund groups, the agency said, will have a filing start date that is one year after larger fund groups begin filing the form.
In May 2017, Clayton initiated an assessment of the Commission’s cybersecurity risk profile and its approach to cybersecurity.