The SEC is proposing a new approach to electronic delivery that could change how required investor communications are delivered, accessed, and managed. While many organizations already have digital delivery capabilities in place, the implications of the proposed rule will vary based on their existing approach. Understanding what may change, and what you already have in place, is an important first step in preparing for what's ahead.
Prepare for the future of investor communications
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Why does e-default matter?
If adopted, the SEC’s rule could make it easier to deliver and access important investor information digitally, creating potential benefits for organizations and investors.
What the proposed framework could change
Digital delivery by default
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Let's investors choose delivery by document type and channel
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Keeps opt-out and free paper copies available at any time
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Updates easily as investor choices change
Clear, actionable notices
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Identifies what information has been delivered
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Highlights required actions and applicable deadlines
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Supports both personal financial information (PFI) and non-PFI delivery with appropriate disclosures and protections
Direct access
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Connects investors directly to the relevant content
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Avoids generic landing pages and unnecessary clicks
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Provides safeguarded access for PFI, with direct routing after authentication
Investor choice preserved
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Maintains the ability to opt out at any time
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Supports paper elections globally or by document type
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Keeps paper copies available free of charge
Prepare for change. Stay in control.
Navigate evolving regulatory requirements while creating a more intuitive digital experience for investors and reducing operational complexity.
Brokers
Expand investor choice
Support more delivery options and document-level preferences as investor needs evolve.
Make touchpoints matter
Let investors find, save, and print key documents without friction.
Streamline operations
Connect systems, processes, and reporting more efficiently.
Issuers
Understand shareholder behavior
Gain insight into shareholder preferences and behaviors to support stronger engagement and voting participation.
Make every communication count
Deliver impactful communications across print and digital channels that encourage engagement and action.
Stay ahead of evolving requirements
Work with a trusted partner to navigate regulatory change while maintaining compliance and supporting shareholder engagement.
Funds
Simplify preference management
Support expanded investor choices, including document-level preferences, channel selections, e-failures, and address updates.
Prepare your investor notifications
Review existing notification templates to identify what may need to change to meet proposed requirements for clear, actionable investor communications.
Enhance online availability
Guarantee that online document access meets regulatory standards while integrating seamlessly with your web site.
E-default FAQs
On July 16, 2026, the Securities and Exchange Commission proposed Regulation E-Delivery, a new rule that would:
- Expand the ability of issuers, market intermediaries, and others to use electronic delivery to satisfy requirements to deliver required regulatory information under the federal securities laws.
- Provide requirements and conditions for delivering regulatory information electronically to investors and others without first obtaining their affirmative consent.
- Generally supersede the Commission’s decades-old, guidance-based e-delivery approach.
To facilitate this new e-delivery approach, the Commission also proposed to:
- Amend current rules addressing the dissemination of proxy materials and tender offer materials.
- Rescind Rule 30e-3 under the Investment Company Act of 1940 (which provides alternative means for registered investment companies to satisfy shareholder report transmission requirements).
E-delivery has the potential to improve investor relationships while lowering operational costs. Firms may be able to spend less on print, postage, and manual servicing. With digital opt-ins standard, there may be opportunities for fewer workflows, centralized preference centers, and improved auditability across engagements. Fast, clear, easy-to-use communications can create stronger engagement. Finally, increased e-delivery can be a platform for enhanced personalization and AI-enabled communication.
E-deliveries allow an overall better experience built on clarity and convenience. Investors will have faster access to time-sensitive documents and notices in formats that are easy to read, save, and print. Simple preference management and the ability to opt back in to paper lets them use the channels they trust to keep them most informed. The centralized, persistent, reliable access to documents over time increases transparency and overall satisfaction.
Broadridge enables firms to transition toward digital transformation within existing platforms and workflows, allowing them to capitalize on e-delivery benefits while reducing risk and disruption. Rather than reinventing or replacing existing systems, Broadridge builds on established workflows, data flows and relationships. We embed regulatory logic into execution; coordinate across the entire ecosystem of brokers, issuers, intermediaries, and investors; and enables scalable approaches built for increasing volumes and complexity.
Understand your path forward
Connect with Broadridge to discuss the proposed e-default rule and how it may affect your existing approach to investor communications.
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