New York Attorney General Letitia James on Monday announced a proposed rule change that would allow investment professionals to file registration documents through a national registry, as the state looks to streamline oversight procedures in response to the coronavirus pandemic.

In a statement, James said the proposal would allow registration statements to be filed with the North American Association of Securities Administrators’ electronic filing depository system, instead of through her office’s Investor Protection Bureau. The new approach, James said, was meant to bring New York’s registration procedures more in line with the federal securities regime and clear up “industry confusion when it comes to certain registration requirements.”