SEC Proposes Regulation E-Delivery to Make Electronic Disclosures Default
SEC proposes making electronic delivery the default for securities disclosures under federal law.
Why it matters: This rule will reshape how legal and compliance teams handle securities filings, corporate disclosures, and investor communications, reflecting modern digital preferences and improving efficiency.
- Proposed on July 16, 2026, Regulation E-Delivery aims to set electronic delivery as the default method for regulatory disclosures.
- The rule would remove the need for affirmative consent to deliver disclosures electronically for issuers, broker-dealers, investment advisers, funds, and BDCs.
- Rule 30e-3 under the Investment Company Act of 1940 would be rescinded, eliminating current alternative delivery options for registered investment companies.
- The SEC has opened a 60-day public comment period following the proposal's Federal Register publication.
On July 16, 2026, the Securities and Exchange Commission (SEC) announced its proposal for Regulation E-Delivery, a rule designed to make electronic delivery the default method for disseminating regulatory disclosures under federal securities laws. This shift eliminates the requirement for issuers, broker-dealers, investment advisers, registered funds, business development companies (BDCs), and other market participants to obtain affirmative consent from recipients before supplying documents electronically.
As part of this modernization, the SEC proposes to rescind Rule 30e-3 under the Investment Company Act of 1940, which currently allows registered investment companies to use alternative methods to transmit shareholder reports.
The proposal reflects evolving investor behavior and aims to reduce the costs and delays associated with paper delivery — a significant consideration for legal and compliance professionals managing securities compliance and corporate disclosures.
Industry groups have welcomed the move. Kenneth E. Bentsen, Jr., President and CEO of SIFMA, said the proposal updates regulatory requirements to reflect modern information access, while still allowing investors to opt for paper delivery. Mike Flood, Senior Vice President of the Center for Capital Markets Competitiveness at the U.S. Chamber of Commerce, called it a commonsense reform that modernizes investor disclosures and delivery of critical information.
The SEC's proposal is currently open for a 60-day public comment period after its publication in the Federal Register. Key details such as implementation timelines remain to be clarified.
By the numbers:
- July 16, 2026 — SEC announced Regulation E-Delivery proposal
- 60 days — public comment period following Federal Register publication
What's next: The SEC will review public comments before potentially finalizing Regulation E-Delivery, affecting securities disclosure practices.