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Central Index Key
View on Wikipediafrom Wikipedia
 | This article includes a list of general references, but it lacks sufficient corresponding inline citations. (February 2020) |
A Central Index Key or CIK number is a unique number assigned to an individual, company, filing agent or foreign government by the United States Securities and Exchange Commission. The number is used to identify its filings in several online databases, including EDGAR.
The numbers are up to ten digits in length and are permanent identifiers that may not be changed.[1]
Entities and individuals such as Section 16 filers apply for a CIK on Form ID (notarized).[2]
See also
[edit]- CUSIP
- ISO 6166 (International Securities Identification Number - ISIN)
- Legal Entity Identifier
- Ticker symbol
- Unique Entity Identifier
References
[edit]- ^ "Understand and utilize EDGAR CIKs, passphrases, and access codes". SEC.gov. Retrieved November 22, 2022.
- ^ "SEC.gov | Prepare and Submit my Form ID Application". www.sec.gov. Retrieved 2025-02-07.
External links
[edit]
 | This article about stock exchanges is a stub. You can help Wikipedia by expanding it. |
Central Index Key
View on Grokipediafrom Grokipedia
The Central Index Key (CIK) is a ten-digit unique numerical identifier assigned by the United States Securities and Exchange Commission (SEC) to corporations, investment funds, individuals, and other entities that submit regulatory filings to the agency.[1] This identifier serves as a standardized code within the SEC's computer systems to uniquely track and reference filers across all disclosure documents.[2]
CIKs are automatically generated and issued upon an entity's first filing submission, ensuring that each participant in the securities market has a permanent, unchanging reference number for all subsequent interactions with the SEC.[3] They play a central role in the SEC's Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system, where filings such as annual reports (Form 10-K), quarterly reports (Form 10-Q), and insider transaction disclosures (Form 4) are indexed and made publicly accessible using the CIK as the primary search criterion.[2] For instance, public companies, mutual funds, and even foreign issuers must include their CIK in electronic submissions to facilitate automated processing and public retrieval of financial and material event data.[1]
The use of CIKs enhances the efficiency and accuracy of regulatory oversight by preventing duplication in records and enabling seamless integration of data across SEC databases, including those for enforcement actions and compliance monitoring.[4] Individuals, such as corporate executives or filing agents, may also receive their own CIK if they sign or submit documents on behalf of an entity, with login CIKs specifically used for accessing the EDGAR Filer Management system.[4] While not all small entities are required to file (e.g., those exempt under Regulation D for private offerings), any voluntary or mandated submission triggers CIK assignment, underscoring its foundational role in maintaining transparency in U.S. capital markets.[2]
Overview
Definition
The Central Index Key (CIK) is a unique 10-digit numeric identifier assigned by the U.S. Securities and Exchange Commission (SEC) to entities and individuals that file disclosures with the agency.[5][6] This identifier is formatted as a 10-digit number, with leading zeros added if the assigned number has fewer than 10 digits, ensuring a consistent length for use in SEC systems.[6][7] The CIK serves as a permanent and unchangeable code, linked to the filer's account and used exclusively within the SEC's electronic filing and data processing infrastructure.[8][9] CIKs are assigned to a broad range of filers, including corporations, individuals, filing agents, foreign governments, and other entities that submit regulatory disclosures.[2][3][9] For instance, public companies such as Apple Inc. receive a CIK (e.g., 0000320193) for their securities filings.[10] Individuals designated as insiders under Section 16 of the Securities Exchange Act of 1934, such as officers, directors, and beneficial owners of more than 10% of a class of equity securities, are also assigned individual CIKs for reporting ownership and transactions.[11] Similarly, broker-dealers obtain CIKs to facilitate their regulatory submissions, including FOCUS reports.[12][13] Foreign governments and private issuers further extend the scope, using CIKs for electronic filings through the SEC's EDGAR system.[14]Purpose
The Central Index Key (CIK) serves as a primary mechanism to uniquely identify filers in the U.S. Securities and Exchange Commission's (SEC) databases, enabling efficient tracking, retrieval, and organization of disclosure documents submitted by corporations, individuals, and other entities.[8][2] By assigning a permanent, distinct number to each filer, the CIK streamlines the management of vast volumes of regulatory filings, ensuring that documents are systematically cataloged and accessible within the SEC's electronic systems.[15] This unique identification facilitates automated processing in electronic filing systems, such as the Electronic Data Gathering, Analysis, and Retrieval (EDGAR) database, where it helps prevent duplication of filings and guarantees accurate attribution to the correct entity.[8] For instance, during submission, the CIK is used alongside confirmation codes to validate and route documents without manual intervention, reducing errors and expediting regulatory review.[16] The CIK also supports public transparency by allowing rapid association of filings with specific entities, which aids investors, analysts, and the public in researching corporate disclosures and monitoring compliance.[15] This quick linkage promotes informed decision-making in securities markets and enhances oversight by making historical and current filings easily discoverable through public search tools.[2] Furthermore, the CIK facilitates adherence to key securities laws, including the Securities Exchange Act of 1934, by standardizing entity identification across all required disclosures and ensuring consistent enforcement of reporting obligations.[15] Through its integration with EDGAR, it upholds the Act's mandates for timely and accurate public reporting, thereby bolstering the integrity of the U.S. capital markets.[8]History
Development of EDGAR
The Securities and Exchange Commission (SEC), established in 1934 following the Securities Exchange Act, initially relied on paper-based filings for corporate disclosures, a process that proved increasingly inefficient as the volume of submissions grew. In the early 1980s, amid rising demands for faster access to financial information, the SEC initiated efforts to transition to electronic systems, culminating in the development of the Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system beginning in 1983.[9] By the fall of 1984, a pilot program was launched, allowing voluntary electronic submissions from a select group of filers in collaboration with the Division of Corporation Finance and the Division of Investment Management, marking the first step toward automating the receipt, processing, and dissemination of disclosure documents.[9] This pilot, operational on a limited basis through 1992, demonstrated the feasibility of electronic filing but highlighted needs for system enhancements, including unique identifiers like the Central Index Key (CIK) to track filers efficiently.[9] Testing and phased implementation accelerated in the early 1990s to ensure reliability before broader adoption. On February 23, 1993, the SEC adopted interim rules mandating electronic filing for initial groups, with the first group—comprising approximately 230 companies, primarily from the Division of Corporation Finance—beginning submissions on April 26, 1993.[17] Additional groups followed throughout 1993, forming a "significant test group" that reached about 3,500 filers by December, during which the system underwent rigorous evaluation from January to June 1994 to confirm its operational efficacy over paper processes. Following this evaluation, phase-in resumed on January 30, 1995, under finalized rules (Release No. 33-7122), with remaining filers assigned to one of ten groups transitioning progressively.[9] By September 30, 1995, nearly 75% of all SEC registrants were submitting required materials electronically, reflecting the system's growing adoption and reduced reliance on physical documents.[18] The culmination of EDGAR's development occurred in 1996, achieving full mandatory electronic filing for all domestic public companies by May 6, absent exemptions, thereby transforming the regulatory landscape.[19] This milestone enabled immediate public access to filings, enhanced by the launch of the SEC's World Wide Web site on September 28, 1995, which provided free online retrieval of EDGAR data alongside other resources.[18] The transition not only streamlined SEC processing but also improved transparency for investors, with ongoing refinements based on filer feedback from conferences and requests for information throughout 1995.[18]Introduction of CIK
The Central Index Key (CIK) was developed as a core component of the EDGAR system to provide a unique identifier for entities submitting electronic filings, addressing the need for reliable tracking in automated processing. This innovation emerged during the initial EDGAR pilot program launched in 1984, where the SEC tested electronic data gathering with voluntary participants, assigning CIKs to streamline identification amid growing filing volumes.[20][21] The first formal CIK assignments in the operational EDGAR framework coincided with system testing in 1993, as the SEC began mandating electronic submissions for select filers during the phase-in period. By 1994-1995, CIKs had become integral to public company filings, enabling efficient indexing and retrieval as EDGAR transitioned from pilot to broader use.[9][22] CIK usage evolved from an initial focus on corporate filers in the early phases to include individuals and filing agents by the mid-1990s, reflecting EDGAR's expansion to diverse disclosure requirements. Public lookup tools for CIKs were introduced around 2009, enhancing accessibility for researchers and stakeholders. A key milestone occurred with EDGAR's full rollout in 1996, when CIKs were integrated system-wide to support permanent, cross-filing tracking for all mandated submissions.[2][9]Assignment Process
Applying for a CIK
Any entity required to submit disclosures to the U.S. Securities and Exchange Commission (SEC), such as annual reports on Form 10-K or beneficial ownership reports under Section 16, must first obtain a Central Index Key (CIK) by applying through the SEC's Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system.[23] This application is mandatory prior to any electronic filing to ensure proper identification and access to the EDGAR platform.[24] The application process begins with submitting Form ID electronically via the EDGAR Filer Management website, which is accessible from 6:00 a.m. to 10:00 p.m. Eastern Time on weekdays, excluding federal holidays.[23] Applicants must log in using Login.gov with multifactor authentication, select the appropriate filer type—such as company, individual, filing agent, or broker-dealer—and complete the online form in six parts covering applicant information, company details, account administration, billing, signature, and supporting documents.[23] For entities operating in multiple capacities, separate Form ID applications are required for each.[23] Upon completion, applicants print, sign, and notarize the form before uploading it as a PDF to authenticate the submission.[23] Documentation includes providing contact information, physical and mailing addresses, and entity-specific details such as legal name and structure; notarization of the Form ID authenticating document is required for all applicants to verify the signer's authority.[23] For third-party account administrators, a notarized power of attorney must also be uploaded.[23] In cases of legal successors to an existing filer, additional proof of succession, such as court documents, is needed.[23] Electronic or remote notarization is permitted in accordance with applicable state laws.[13] SEC staff reviews each Form ID application, with processing typically requiring an average of six business days, excluding federal holidays; processing times vary, particularly during holiday periods, government shutdowns, and when applications involve foreign private issuers, multiple jurisdictions, or enhanced verification. Applicants should submit well in advance of filing deadlines to account for potential delays.[23] Upon approval, a new CIK is assigned for first-time applicants, and the entity becomes searchable on the public EDGAR system usually within a few business days (sometimes up to 1–2 weeks during busy periods like holidays); users can search by company name to view the CIK and profile, even if no filings are public yet, as this process is quick and administrative. The CIK along with account information becomes publicly available on SEC.gov unless the filer selects the option for non-public draft registration or offering statements (Draft Registration Statement (DRS) or Draft Offering Statement (DOS)), in which case it remains private until a public filing is made.[23][25] An accession number is provided immediately upon submission, and filers receive email notification of acceptance or rejection.[23] In special cases, entities with an existing CIK from related regulatory systems, such as broker-dealers registered with the Financial Industry Regulatory Authority (FINRA) who have a CIK from FOCUS reporting, can request EDGAR access without reapplying for a new CIK by selecting the "existing EDGAR account" option on the Filer Management website and entering their current CIK.[13] These applicants complete an abbreviated Form ID, including a notarized signature from an authorized officer, and may receive access codes within two business days.[13] Following CIK assignment or confirmation, related access codes for EDGAR filing are issued separately.[23]Associated Access Codes
The Central Index Key (CIK) is linked to several access codes that facilitate secure authentication and access within the SEC's EDGAR system, ensuring only authorized filers can submit documents or manage accounts. These codes, excluding the publicly available CIK itself, are treated as confidential and must be protected to prevent unauthorized use.[8] The CIK Confirmation Code (CCC) serves as a primary authentication mechanism for filings and account management, verifying the filer's identity in conjunction with the CIK. It consists of exactly 8 characters, including at least one numeric digit (0-9), one special character (such as @, #, $, or *), and case-sensitive letters. Filers can reset or generate a new CCC online via the SEC's EDGAR Filer Management portal by entering their CIK, after which a security token is emailed to the designated point of contact for confirmation. The CCC does not expire but should be changed periodically or if suspected of compromise to maintain security. In the context of EDGAR Next, the CCC is essential for enrollment and remains required for all filings post-transition.[16][26] Prior to the mandatory implementation of EDGAR Next on September 15, 2025, additional legacy access codes supplemented the CCC for broader account security and delegation. The Password was an 8- to 16-character login credential that enforced complexity rules, requiring a combination of uppercase and lowercase letters, numbers, and special characters to prevent brute-force attacks. It expired after 12 months of inactivity or last change, prompting filers to update it to retain access. The Passphrase, typically a longer alphanumeric phrase of at least 8 characters, enabled secure delegation to multiple users or agents for transmission validation without sharing the Password directly, enhancing control in team environments. The Password Modification Authorization Code (PMAC), an 8-character code, allowed authorized third parties to reset the Password without needing the Passphrase, providing flexibility for recovery while limiting exposure; it was optional but highly confidential, with sharing restricted to trusted parties. These legacy codes supported filing authentication but were deactivated for new uses after September 15, 2025, as part of the system's modernization.[27][28] Under EDGAR Next, which integrates with Login.gov for centralized, multi-factor authentication as of late 2025, the legacy Password, Passphrase, and PMAC have been retired to streamline access and reduce administrative burdens. Filers now rely on Login.gov credentials—tied to a unique email address—for dashboard login and account oversight, while the CCC handles filing-specific verification. Unused codes in the legacy system could expire or lock accounts, but resets remain available online through the EDGAR Filer Management dashboard until full decommissioning on December 19, 2025; post-transition, any lingering legacy issues require contacting SEC support for resolution. This shift emphasizes robust, government-standard security while preserving the CCC's role in regulatory compliance.[26][28]Usage
In the EDGAR System
The Central Index Key (CIK) serves as the primary identifier for all electronic submissions to the SEC's EDGAR system, ensuring accurate attribution of filings to specific entities or individuals. Every filing, such as annual reports on Form 10-K or current reports on Form 8-K, requires the filer's CIK to be entered during submission, typically alongside the CIK Confirmation Code (CCC) for authentication. This integration supports multiple document formats, including XML for structured data and ASCII for plain text, allowing filers to use tools like EDGARLink Online or custom XML submissions.[29] As of September 15, 2025, the EDGAR Next initiative has introduced modernized access using Login.gov for authentication, enhancing security and enabling advanced APIs for programmatic filing retrieval.[30] During processing, EDGAR's automated systems leverage the CIK to index incoming filings, cross-reference filer records, and perform validation checks on data integrity, such as confirming the CIK-CCC pair and required fields. Upon successful validation, the system generates an accession number incorporating the CIK and disseminates the filing publicly in real-time through the SEC's website, typically within minutes if received before 5:30 p.m. ET. This process enables immediate accessibility of validated documents, with CIK facilitating the organization and retrieval of over millions of annual submissions.[29][31] For amendments and updates, the CIK maintains continuity by linking revised filings—such as 10-K/A or 8-K/A—to the original submission through shared filer identification and accession numbers. This linkage pre-populates relevant data from the prior filing and ensures comprehensive tracking, particularly for ownership reports like Forms 3, 4, and 5, where insiders use their CIK to report transactions and holdings. Amendments may require restating the entire original document or providing incremental updates, with the CIK ensuring all versions remain associated under the same filer account.[29] Technically, the CIK is embedded directly in the filing's header structure, as in XML tags like<CIK>0001234567</CIK>, which EDGAR automatically generates or validates during submission. This embedding supports efficient parsing and storage, with filings limited to 200 MB and stored in modules tied to the CIK for up to 10 files. For broader access, the CIK enables bulk data downloads through RSS feeds for company-specific updates or APIs that query filings by identifier, allowing developers and analysts to retrieve datasets programmatically from the SEC's archives.[29][32]