SIFMA today issued the following statement from president and CEO Kenneth E. Bentsen, Jr. on a proposed rule from the Security and Exchange Commission (SEC) related to electronic delivery of certain required financial disclosures:
“SIFMA welcomes the SEC’s proposal to modernize the electronic delivery framework for investor communications. The proposal is an important step toward updating regulatory requirements to reflect how investors access information today while giving investors the power to choose paper delivery if preferred. For years, SIFMA has advocated for a modernized approach that makes electronic delivery the default, reducing unnecessary costs and paper while improving the timeliness and accessibility of important disclosures.
“We appreciate the SEC’s leadership in advancing this proposal and look forward to reviewing the release in detail and submitting comments to help ensure the final rule provides a durable, practical framework that benefits investors, firms, and the broader capital markets.”
