SIFMA Welcomes The Introduction Of E-delivery Legislation

SIFMA today issued the following statement from president and CEO Kenneth E. Bentsen, Jr. on the introduction of legislation, the “Improving Disclosure for Investors Act of 2023,” that would direct the SEC to promulgate rules that would expand access to electronic delivery of certain required financial disclosures:

“The time has come – and arguably is overdue – to implement electronic delivery as the default means for delivering investor communications, while giving investors the power to choose paper delivery if preferred. According to a recent survey, a large majority of retail investors regardless of income or age, want e-delivery for its environmental benefits, speed, and convenience. SIFMA commends Reps. Bill Huizenga (R-MI), Jake Auchincloss (D-MA), Bryan Steil (R-WI) and Wiley Nickel (D-NC) for introducing this important legislation that builds on the progress of implementing an e-delivery framework suitable for the 21st century.”