IAA Welcomes SEC’s Proposed Regulation E-Delivery, Reflecting Longstanding Advocacy for Modernized Electronic Delivery
July 16, 2026
The Investment Adviser Association (IAA) welcomes the Securities and Exchange Commission’s proposal to establish Regulation E-Delivery, a comprehensive new framework to modernize the electronic delivery of disclosures and other required communications under the federal securities laws. The proposal would permit advisers and other “covered entities” to use electronic delivery as the default method for delivering required disclosures, while preserving investors’ ability to opt out and continue receiving paper communications.
“The IAA appreciates Chairman Paul Atkins’ leadership in advancing this important modernization initiative and commends the SEC for developing a thoughtful, comprehensive proposal that reflects the realities of today’s digital environment while continuing to protect investor choice,” said Karen Barr, President & CEO of the Investment Adviser Association.
The proposal would replace the Commission’s decades-old guidance-based approach with a consistent regulatory framework for electronic delivery across the federal securities laws. It recognizes significant advances in technology, evolving investor preferences, and the widespread adoption of electronic communications, while maintaining important safeguards such as the ability for investors to opt out of electronic delivery and request paper copies free of charge.
“The IAA has long supported modernizing the SEC’s electronic delivery framework,” Barr said. She added: “We are pleased that the Commission’s proposal reflects careful consideration of the IAA’s longstanding recommendations, as well as those of other market participants, to modernize the SEC’s electronic delivery requirements.” According to Barr, “Today’s investors overwhelmingly conduct their financial lives electronically and expect communications to be delivered in the same efficient, secure, and accessible manner. A modern regulatory framework can improve the investor experience while reducing unnecessary costs associated with paper delivery.”
The IAA looks forward to carefully reviewing the Commission’s nearly 400-page proposal and working with its members to develop detailed comments.
“We appreciate the Commission’s willingness to undertake a comprehensive review of this important issue,” Barr added. “The proposal reflects a thoughtful balancing of innovation, operational efficiency, and investor protection. We look forward to reviewing the proposal in detail and providing constructive comments to help ensure the final rule achieves those objectives.”
About the Investment Adviser Association
The IAA is the leading organization dedicated to advancing the interests of fiduciary investment advisers. For nearly 90 years, the IAA has been advocating for advisers before Congress and U.S. and global regulators, promoting best practices and providing education and resources to empower advisers to effectively serve their clients, the capital markets, and the U.S. economy. Our members range from global asset managers to the medium- and small-sized firms that make up the majority of our industry. Together, the IAA’s member firms manage more than $57 trillion in assets for a wide variety of individual and institutional clients, including pension plans, trusts, mutual funds, private funds, endowments, foundations, and corporations. For more information, please visit www.investmentadviser.org. To learn more about the investment adviser industry, see the IAA’s Investment Adviser Industry Snapshot.
