• The proposed rule, Regulation E-Delivery, would permit electronic delivery without first obtaining affirmative consent, subject to requirements and conditions.
  • The proposal would supersede the Commission's decades-old, guidance-based e-delivery approach.
  • Under current regulatory delivery practice, the default format is paper.
  • The proposed rule covers prospectuses for funds and other issuers, fund annual and semi-annual shareholder reports, proxy statements, trade confirmations, disclosures pursuant to Form CRS, and Form ADV Part 2 Brochures.
  • The proposal includes a transition process for investors currently receiving paper delivery.
  • Transitioning recipients would be provided 2 paper notices.
  • The public comment period runs for 60 days following publication of the proposing release in the Federal Register.
  • The press release announcing the proposal was numbered 2026-67.

SEC Proposes Regulation E-Delivery

The Securities and Exchange Commission published a proposing release for a new rule called Regulation E-Delivery on July 16, 2026.

A modern institutional office desk with documents and a computer, representing the SEC's regulatory transition from paper to digital delivery methods.
SEC Proposes Regulation E-Delivery for Investor Documents

Under current regulatory delivery practice, the default format for investor documents is paper. The proposed rule would allow electronic delivery of covered documents without first obtaining affirmative consent from investors, subject to requirements and conditions. The proposal would supersede the Commission's decades-old, guidance-based e-delivery approach.

Which Documents Are Covered

The proposed rule's deliverable document types include prospectuses for funds and other issuers, fund annual and semi-annual shareholder reports, proxy statements, trade confirmations, disclosures pursuant to Form CRS, and Form ADV Part 2 Brochures.

Paper Delivery Preserved, With a Transition Process

Regulation E-Delivery preserves the option for investors to continue receiving paper delivery. The proposal includes a transition process for investors who are currently receiving paper delivery. Transitioning recipients would be provided 2 paper notices as part of that process.

Comment Period

The public comment period on the proposal runs for 60 days following publication of the proposing release in the Federal Register. The announcement was distributed as press release number 2026-67.

Chairman's Statement

“Today, the Commission took an important step toward allowing the financial services industry to harness technology for the benefit of everyday American investors.”

Paul S. Atkins, SEC Chairman