Tuesday, June 09. 2026
SEC Adopts Joint Data Standards Rules Under FDTA
On June 8th, the SEC approved rules that establish joint data standards under the Financial Data Transparency Act of 2022 (FDTA). The rulemaking establishes technical standards for data submitted to certain financial regulatory agencies, making financial data more accessible, uniform, and useful to the public. The joint data standards would make it easier for financial institutions to file reports across multiple agencies and help regulators carry out the SEC’s oversight functions with greater efficacy.
The institution of these joint standards will:
- implement the FDTA across federal financial regulatory agencies by establishing common identifiers for entities, geographic locations, dates, and certain products and currencies
- establish a principles-based joint standard regarding data transmission, structure, and format
- establish LEI (a global identifier standard that uniquely and unambiguously identifies a legal entity) as a common entity identifier
- enable financial institutions to submit high-quality, fully searchable machine-readable data to the agencies
- define the term “collections of information” in accordance with the Paperwork Reduction Act of 1995.
The following agencies have established or are expected to establish the joint standards:
- Department of the Treasury
- Board of Governors of the Federal Reserve System
- Office of the Comptroller of the Currency
- Consumer Financial Protection Bureau
- National Credit Union Administration
- Federal Deposit Insurance Corporation
- Commodity Futures Trading Commission
- Federal Housing Finance Agency
For more information on the Financial Data Transparency Act Joint Data Standards final rule, please visit the SEC’s site. The final rule is effective on October 1, 2026. At the effective date, the joint rule will not modify any reporting requirements without further action by the agencies.
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