On July 16, 2026, the U.S. Securities and Exchange Commission (the SEC or the Commission) proposed Regulation E-Delivery (Reg E-Delivery), a new framework that would permit issuers and market intermediaries to deliver required disclosures and reports electronically as the default method, without first obtaining a recipient’s affirmative consent. The proposal would generally supersede the Commission’s decades-old, guidance-based “opt-in” approach to electronic delivery with a codified rule set (proposed 17 CFR 303.100 through 303.104), and would make conforming amendments to the proxy rules (Regulations 14A and 14C), the third-party tender offer rules (Rule 14d-5), and the registered fund shareholder report rule (Rule 30e-3, which would be rescinded). Comments are due 60 days after publication in the Federal Register.

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