Final rule · 2025-17402

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

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.