SEC Proposes Regulation E-Delivery: Modernizing Capital Markets Communications
On July 16, 2026, the SEC published proposed Regulation E-Delivery (“Reg E-Delivery”) to expand the ability of issuers, market intermediaries, and others to use electronic delivery to satisfy requirements to deliver regulatory information, including proxy statements and prospectuses, under the federal securities laws. This sweeping rulemaking would shift the default mechanism for regulatory disclosures from traditional paper mailing to electronic delivery across federal securities laws.
For decades, public companies, investment advisers, broker-dealers, and investment funds have operated under legacy SEC guidance established in the 1990s. Under that old framework, sending materials electronically required obtaining prior affirmative opt-in consent from each investor. Proposed Reg E-Delivery replaces that model with an electronic default framework. This update eliminates administrative friction, printing expenses, and shipping delays while preserving full choice for investors who prefer physical paper. If adopted, Reg E-Delivery would be the SEC’s primary rule addressing e-delivery superseding current guidance on the subject.
SEC Chairman Paul S. Atkins highlighted the strategic importance of Read More »
