IAA Applauds “Improving Disclosure for Investors Act”
May 2, 2023
IAA VP of Communications & Marketing Janay Rickwalder.
The Improving Disclosure for Investors Act passed the House Financial Services Committee on April 26, signaling a significant step toward modernizing how disclosures are distributed to investors. The Investment Adviser Association has long advocated for the SEC to facilitate the use of e-delivery for advisers to deliver required disclosures to clients. E-delivery isn’t just easier, more efficient, and more cost-effective for advisers, but its greater flexibility allows for enhanced communications with investors consistent with their preferences. The IAA applauds Congress’ bill requiring the SEC to initiate a rulemaking allowing financial services firms to deliver disclosures digitally.