MFDF Comment Letter: Electronic Delivery

On September 21, MFDF submitted a comment letter on the Securities and Exchange Commission (SEC) rule proposal titled “Electronic Delivery of Information under the Federal Securities Laws.” MFDF’s letter applauds the SEC’s efforts to modernize shareholder communications by allowing funds the choice to communicate virtually all disclosure materials to their shareholders electronically, absent the affirmative choice of a shareholder to opt out of electronic disclosure. The letter highlights a handful of reasons this modernization will benefit shareholders including potentially reducing costs, ease of access to historical statements, and search within documents themselves, among other benefits. MFDF also encourages the Commission to provide guidance to fund boards regarding any areas it considers critical to board oversight of electronic document delivery as well as guidance around the e-delivery transition period. 

Click here to read MFDF’s comment letter on the SEC’s e-delivery proposal.