The U.S. SEC proposes new e-delivery rules, driving the full digitization of securities information disclosure

Deep Tide TechFlow update: On July 16, the U.S. Securities and Exchange Commission (SEC) officially proposed new Regulation E-Delivery rules, planning to expand the use of electronic methods in securities information disclosures, allowing issuers, broker-dealers, investment advisers, and other institutions to default to providing investors with information required by regulations through electronic channels.

The scope of information covered mainly includes: offering memoranda for funds and other issuers, annual and semiannual shareholder reports of funds, shareholder proxy voting statements (Proxy Statements), trade confirmation documents, Form CRS investor relationship disclosures, Form ADV Part 2 investment adviser brochures, and so on. It is understood that the proposal will enter a 60-day public comment period after it is published in the Federal Register.