SEC Proposes E-Delivery Rule to Modernize Investor Information Access
On July 16, 2026, the U.S. Securities and Exchange Commission (SEC) proposed a new rule, Regulation E-Delivery, to expand the electronic delivery of required financial information. Notably, the proposal aims to make disclosures more accessible and useful for investors while retaining the option for paper delivery on request. Expanded Electronic Delivery Framework According to the SEC press release, Regulation E-Delivery would allow issuers, broker-dealers, investment advisers, and other market intermediaries to deliver required information electronically without first obtaining affirmative consent. Notably, this approach is intended to replace the Commissions decades-old guidance-based e-delivery system. The range of information eligible for electronic delivery under the proposed rule includes prospectuses for funds and other issuers, annual and semiannual shareholder reports, proxy statements, trade confirmations, disclosures pursuant to Form CRS, and Form ADV Part 2 Brochures. These measures aim to enhance accessibility, retention, and efficiency while reducing paper, printing, and postage costs. Our proposal to permit e-delivery is another step toward building a regulatory framework suitable for the modern era, a key pillar of my agenda. In an age of artificial intelligence and blockchain technology, a default to paper delivery should be a relic, not a standard. SEC Chairman Paul S. Atkins highlighted that the proposal seeks to align regulatory frameworks