meta_id 3331218

On July 16, 2026, the U.S. Securities and Exchange Commission (SEC) proposed Regulation E-Delivery, a new rule that would expand electronic delivery of required regulatory information across the securities industry. The proposal would allow issuers, broker-dealers, investment advisers, and other market participants to deliver information electronically by default, rather than requiring affirmative consent from recipients before transitioning from paper delivery. The SEC's proposed rule would make electronic delivery the default method for communicating with investors while preserving the ability to receive information in paper format upon request. The rule would supersede the SEC's decades-old guidance-based e-delivery approach and cover a broad range of information, including prospectuses, fund shareholder reports, proxy statements, trade confirmations, Form CRS disclosures, and Form ADV Part 2 Brochures. SEC Chairman Paul S. Atkins said the proposal represents an important step toward modernizing the regulatory framework, noting that "in an age of artificial intelligence and blockchain technology, a default to paper delivery should be a relic, not a standard." The SEC anticipates that electronic delivery would generate cost savings for issuers, market intermediaries, and investors through reduced paper, printing, and postage expenses. The proposal also aims to provide investors with more personalized, interactive, timely, and efficient disclosure experiences, along with improved accessibility and information retention benefits. The SEC has included a transition process for investors currently receiving regulatory information in paper format. Recipients would receive two paper notices informing them of the upcoming transition to e-delivery and providing the ability to opt out. The public comment period will remain open for 60 days following publication of the proposing release in the Federal Register.