Introduction............................................................................................................................................. 1

Open

Data

Plan 2026

Contents

Introduction............................................................................................................................................. 1

Data Collection Processes for Open Formats.......................................................................... 2

Completed Projects....................................................................................................................... 2

Ongoing Initiatives......................................................................................................................... 3

Data Usage Information.................................................................................................................... 4

Completed Projects....................................................................................................................... 4

Ongoing Initiatives......................................................................................................................... 4

Collaboration with Data Users........................................................................................................ 6

Completed Projects....................................................................................................................... 6

Ongoing Initiatives......................................................................................................................... 6

Prioritizing Public Data Asset Review......................................................................................... 8

Completed Projects....................................................................................................................... 8

Ongoing Initiatives......................................................................................................................... 9

Open Data Goal Requirements......................................................................................................10

Ongoing Initiatives........................................................................................................................10

Introduction

Since its founding, the Securities and Exchange Commission’s core mission has

included ensuring investors have access to certain facts about their investments and

those who sell them. When determined by the Commission, data has been made

readily available to the public and in a format that is easy to use. This access helps

the public analyze data before making investment decisions and fosters a better

understanding of how our economy and capital markets function.

Enacted as Title II of the Foundations for Evidence-Based Policymaking Act of

2018,1 the Open, Public, Electronic, and Necessary (OPEN) Government Data

Act (OGDA) sets forth a framework for managing government information as a

strategic asset at each stage of the information’s life cycle to promote accessibility

and usability. 2 The OGDA established new requirements for data governance, data

management, and transparent processes. Pursuant to the OGDA, this Open Data

Plan addresses the following areas:

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Data Collection Processes for Open Formats

Data Usage Information

Collaboration with External Data Users

Prioritizing Public Data Asset Review

Open Data Goal Requirements

This plan lists the Commission’s goals, ongoing initiatives, and projects completed

in the past year regarding data management and publication for each area of data

management.3 The Commission’s Office of the Chief Data Officer drafted this

plan with input from the other divisions and offices and under the auspices of the

Commission’s Data Management Board.4

1

2

3

4

Pub. L. No. 115-435, 132 Stat. 5529.

See OGDA, 132 Stat. at 5534.

OMB M-25-05 provided guidance for the contents of agency Open Data Plans. See Off. of Mgmt. &

Budget, Exec. Off. of the President, OMB M-25-05, Phase 2 Implementation of the Foundations for

Evidence-Based Policymaking Act of 2018: Open Government Data Access and Management Guidance

(Jan. 15, 2025) (“Phase 2 Implementation Guidance”).

Sec. & Exch. Comm’n, Data Management Board Charter (Jan. 28, 2020).

OPEN DATA PLAN 2026 | 1

Data Collection Processes for Open Formats

In 2009, the Commission adopted rules requiring operating companies to submit

information in financial statements in their periodic reports using eXtensible

Business Reporting Language (XBRL), which is an open format machine-readable,

structured data language.5 That same year, the Commission similarly required

open-end management investment companies to provide risk/return summary

information in their prospectuses using XBRL. Since that time, the Commission

has generally moved to require reporting in open and freely available, machinereadable standardized formats promulgated by standards organizations or

voluntary consensus standards bodies, such as in the rules noted below.6 In

2026, the Commission established joint data standards7 under the Financial

Data Transparency Act of 2022 (FDTA).8 The final rule establishes technical

standards for data submitted to certain financial regulatory agencies, and these

data standards are designed to promote interoperability of financial regulatory

data across the agencies by establishing common identifiers for entities, geographic

locations, dates, and certain products and currencies.9

COMPLETED PROJECTS

• Commission staff provided updated taxonomy guides and entry point schema for

filing fee disclosures and special purpose acquisition company disclosures under

Subpart 1600 of Regulation S-K. These are available via the individual pages linked at

SEC.gov | Standard Taxonomies.

5

6

7

8

9

Interactive Data to Improve Financial Reporting, Securities Act Release No. 33-9002 (Jan. 30, 2009),

74 FR 6776 (Feb. 10, 2009).

Sec. & Exch. Comm’n, Semi-Annual Report to Congress Regarding Public and Internal Use of MachineReadable Data for Corporate Disclosures December 2024, (Dec. 5, 2024) (“FDTA Semi-Annual Report”).

Filers may request a continuing hardship exemption to make all or part of an electronic filing in paper, and

the staff will determine whether to grant such a request based on an analysis of filer burden or expense and

whether an exemption is appropriate and consistent with the public interest. See, e.g., 17 C.F.R. § 232.202

and 17 C.F.R. § 275.203-3.

Press Release, SEC Establishes Joint Data Standards as Required Under the Financial Data Transparency Act

of 2022, Sec. & Exch. Comm’n (June 8, 2026) (“SEC Establishes Joint Data Standards”).

Pub. L. No. 117-263, § 5825(b), 136 Stat. 3421, 3422.

See SEC Establishes Joint Data Standards, supra note 7; see also Financial Data Transparency Joint Data

Standards (to be codified in relevant part at 17 CFR). The joint rule is effective on October 1, 2026. Id. at 3.

2 | U.S. SECURITIES AND EXCHANGE COMMISSION

• Commission staff published schemas, renderers, and technical specifications for

the New Derivatives Securities Product Extensible Markup Language (XML)

posting and the Order Execution Summary Comma-Separated Values (CSV) Data

Report. These are available via the individual pages linked at SEC.gov | Technical

Specifications and Schemas.

• Commission staff updated mappings of the Electronic Data Gathering, Analysis, and

Retrieval system (EDGAR) Central Index Keys (CIKs) to trading symbols and makes

them available at SEC.gov | Accessing EDGAR Data.

ONGOING INITIATIVES

• The Commission updates its XML and XBRL taxonomies to keep them up-to-date

with the latest International Organization for Standardization (ISO) and Generally

Accepted Accounting Principles (GAAP) standards. These updates facilitate consistent

data collection, allowing both the Commission and market participants to better

analyze Commission data.

OPEN DATA PLAN 2026 | 3

Data Usage Information

The availability and accuracy of data that the Commission releases to the public are

valuable features of the U.S. capital markets that inspire investor trust and confidence.

The Commission has made efforts to promote the usage of its public data assets and public

statistics. Accordingly, the Commission has undertaken and will continue to undertake

initiatives to evaluate usage.

COMPLETED PROJECTS

• As required by the FDTA,10 the Commission submitted a semi-annual report

to Congress regarding the public and internal use of machine-readable data for

corporate disclosures in December 202511 and June 2026.12 The report includes (1)

an identification of which corporate disclosures required under specified provisions

of the securities laws are expressed as machine-readable data and which are not; (2)

an analysis of the costs and benefits of the use of machine-readable data in corporate

disclosure to investors, markets, the Commission, and issuers; (3) a summary of

enforcement actions that result from the use or analysis of machine-readable data

collected under the specified statutory provisions; and (4) an analysis of how the

Commission uses the machine-readable data it collects.13

• The Division of Corporation Finance and Division of Economic and Risk Analysis

have undertaken efforts to evaluate and provide comments and guidance on several

significant and timely disclosure considerations for public companies, including

data-tagging of public disclosures. As necessary, Commission staff will continue to

do so.

10

11

12

13

FDTA, Pub. L. No. 117-263, § 5825(b), 136 Stat. at 3429-30.

Publication of the December 2025 Semi-Annual Report to Congress Regarding Public and Internal Use of

Machine-Readable Data for Corporate Disclosures was delayed due to the lapse in appropriations from

October 1, 2025, through November 12, 2025. See Sec. & Exch. Comm’n, Semi-Annual Report to Congress

Regarding Public and Internal Use of Machine-Readable Data for Corporate Disclosures (Dec. 2025),

available at https://www.sec.gov/files/fdta-report-1-2026.pdf.

See Sec. & Exch. Comm’n, Semi-Annual Report to Congress Regarding Public and Internal Use of MachineReadable Data for Corporate Disclosures (June 2026), available at https://www.sec.gov/files/2026-fdtamachine-readable-data-report.pdf.

FDTA Semi-Annual Report, supra note 6 at 1.

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ONGOING INITIATIVES

• Commission staff are building a semantic layer on top of the raw data assets in the

Commission’s enterprise data platform, transforming multiple complex data assets to

enhance access and usability by staff using AI solutions.

• The Office of Investor Education and Assistance will continue to update and evaluate

usage of resources available on Investor.gov, as well as gather information regarding

complaints and inquiries from individual investors.

• The Office of the Investor Advocate will continue to gather information regarding the

behavior and decisions of individual investors. These data include information about

the use of new financial products, the information that investors use, problems that

investors experience, and changes in behavior over time.

• Commission staff are improving the processes to respond to public inquiries about

quality issues, usability issues, recommendations for improvements, and complaints

related to open data within a reasonable timeframe.

• Commission staff currently tracks downloads of DERA and EDGAR data assets from

the DERA Data Library and EDGAR related SEC.gov web content, respectively.14

14

See Sec. & Exch. Comm’n, DERA Data Library (last modified May 13, 2026), available at https://www.sec.

gov/about/divisions-offices/division-economic-risk-analysis/dera-data-library. See also Sec. & Exch. Comm’n,

Submit Filings, available at https://www.sec.gov/submit -filings, and Sec. & Exch. Comm’n, Search Filings,

available at https://www.sec.gov/search-filings.

OPEN DATA PLAN 2026 | 5

Collaboration with Data Users

Collaboration with external stakeholders improves the Commission’s efficacy in

accomplishing its regulatory mission and informs recommendations for future rulemaking.

The Commission primarily collaborates with external stakeholders through the notice

and comment process for rulemaking. In nearly all public notices, the Commission seeks

both qualitative and quantitative input from external stakeholders. The Commission also

receives feedback on its public data assets through roundtables, advisory committees, and

when implementing final rules and publishing taxonomies. These external stakeholders

include financial institutions, trade associations, nonprofit organizations, filers, filing

agents, academics, and the public.

COMPLETED PROJECTS

• The Commission’s changes to EDGAR filer access and account management (EDGAR

Next)15 are in effect and include optional application programming interfaces (APIs)

that provide a secure, efficient, and automated method of interacting with EDGAR.16

ONGOING INITIATIVES

• Commission staff regularly provide information and guidance on SEC.gov and

answer questions from registrants, including EDGAR filers, and data users. SEC.

gov provides links to Commission rules, Data Library, enforcement activity, EDGAR

search mechanisms, and EDGAR contacts within SEC divisions and offices.

• Commission staff give speeches and presentations on data-related topics at

conferences, such as the Financial Accounting Standards Board’s annual webinar on

GAAP and SEC Reporting Taxonomy Improvements and SEC Update.

• Commission staff collaborate regularly and share best practices with foreign

regulators on improving data quality and data usage. This includes participating in

international regulatory workstreams such as task forces, working groups, standing

committees, and ad hoc committees to develop common data-driven approaches to

addressing market-related issues.

15

16

See EDGAR Filer Access and Account Management, Release No. 33-11313 (Sept. 27, 2024) [89 FR 106168

(December 27, 2024)].

See Sec. & Exch. Comm’n, Understand EDGAR Application Programming Interfaces (APIs), available at

https://www.sec.gov/submit-filings/filer-support-resources/how-do-i-guides/understand-edgar-applicationprogramming-interfaces-apis.

6 | U.S. SECURITIES AND EXCHANGE COMMISSION

• Commission staff discuss data analyses regularly with other U.S. regulators, as well

as self-regulatory organizations, to monitor market events and carry out regulatory

functions in furtherance of the Commission’s mission.

• The Commission maintains RSS feeds for structured disclosure submissions as a

courtesy for those interested in viewing and analyzing the submissions. These are

available at SEC.gov | Structured Disclosure RSS Feeds.

• The EDGAR Beta environment is available to enable filers to preview and test

upcoming EDGAR changes. EDGAR filers can also preview significant API updates

in the Beta.

• Commission staff work with academics and other partners to better understand

data usage and facilitate research and reporting on topics relevant to the U.S.

securities markets.

OPEN DATA PLAN 2026 | 7

Prioritizing Public Data Asset Review

In addition to data assets made public pursuant to Commission rules, Commission staff

have identified and published high-value data assets. Pursuant to Office of Management

and Budget guidance, the Commission is updating its policy for identifying and

publishing priority public data assets.17 When disseminating a public data asset pursuant

to the OGDA, the Commission will continue to comply with OGDA’s requirements in

44 U.S.C. § 3511 and OMB’s Phase 2 Implementation Guidance.

The public may request that specific data assets be made public, provide feedback on the

criteria listed in the Phase 2 Implementation Guidance for whether or not to publish a public

data asset, recommend new criteria, or notify the Commission of any quality issues, usability

issues, or complaints about adherence to open data requirements within a reasonable period

of time by e-mailing the Office of the Chief Data Officer at opengov@sec.gov.18

COMPLETED PROJECTS

• In July 2025, Commission staff published Python code examples for accessing and

analyzing financial statement and notes data sets.19

• In August 2025, Commission staff published a statistics and data visualization

page that includes statistics and graphics on key elements of the capital markets,

such as initial public offerings, exempt offerings, corporate bond offerings, reporting

issuers, municipal advisors, transfer agents, and household participation in the

capital markets.20 Staff added hyperlinks to the statistics and data visualization pages

corresponding to the public reports on the Division of Investment Management

Data page,21 and to the market activity data visualizations on the Market Structure

Analytics page by the Division of Trading and Markets.22

17

18

19

20

21

22

Phase 2 Implementation Guidance, supra note 3 at 29-30. The guidance elaborates that the criteria for

whether to publish data assets include, but are not limited to, whether the data asset is already in the process

of being disseminated through the Federal Data Catalog; responds to a specific user need or demand identified

by the public (e.g., through public consultation or public feedback); might have a direct or deep impact on

the public, further the core mission of an agency, or meet other needs of the Federal Government; and might

improve communication or collaboration or support decision-making at the federal, state, local, territory, or

tribal level.

Id. at 27-28.

GitHub - sec-gov/python-for-dera-financial-datasets: Python code examples for accessing and analyzing SEC’s

XBRL Data Sets · GitHub

SEC.gov | Statistics & Data Visualizations

SEC.gov | Investment Management Data

SEC.gov | Market Structure Analytics

8 | U.S. SECURITIES AND EXCHANGE COMMISSION

ONGOING INITIATIVES

• After the Commission adopts any new rules requiring reporting, Commission staff

will collaborate with external data users to evaluate and publish any public data

assets created pursuant to the rules.

• Commission staff will incorporate identifying and publishing priority public data

assets into the existing data strategy goals of increasing the accessibility and usability

of disclosure data, promoting data awareness and literacy, and strengthening data

management and governance. Under this framework, the Commission regularly

updates its data inventory and will conform its metadata schema to W3C Data

Catalog Vocabulary Version 3 (“DCAT-US 3.0”).

OPEN DATA PLAN 2026 | 9

Open Data Goal Requirements

The Commission updates its policies regularly to align with the requirements listed in the

OGDA. These requirements include (i) establishing processes for acquiring, updating, or

repurposing of information technology; (ii) providing recurring training opportunities for

employees; (iii) ensuring necessary staffing and appropriate expertise within the agency

workforce for the implementation of the open data plan; and (iv) updating procurement

standards, in accordance with existing law, regulation, and policy, to allow for the

acquisition of innovative solutions from public and private sectors. 23 This section lists

specific ongoing initiatives to meet these requirements.

ONGOING INITIATIVES

• The Data Management Board annually reviews initiatives and sub-initiatives as part

of the Commission’s Data Management Program in its ongoing effort to carry out

the objectives enumerated above. To this end, the Data Management Board has the

following objectives:

– enable collaborative management of data as a strategic enterprise asset;

– ensure secure, efficient and cost-effective solutions to storing and managing

data; and

– allow the SEC to derive more value from its data.24

• Commission staff with access to highly sensitive datasets must complete enterprise

data policy training when initially requesting access and every year thereafter.

23

24

Phase 2 Implementation Guidance, supra note 3 at 28-29.

Supra note 4.

10 | U.S. SECURITIES AND EXCHANGE COMMISSION

U.S. Securities and

Exchange Commission

100 F Street NE

Washington, DC 20549

SEC.gov