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

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PANews July 17 — The U.S. Securities and Exchange Commission (SEC) has announced the proposal of new Regulation E-Delivery rules for electronic delivery. The plan is to expand the use of electronic methods in the disclosure of securities information, allowing issuers, broker-dealers, investment advisers, and other institutions to, by default, provide investors with information required by regulation through electronic channels. The scope of information covered mainly includes: offering memoranda of 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 adviser brochures, and more. It is understood that the proposal will open a 60-day public comment period after it is published in the Federal Register.
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