SIFMA Welcomes Proposed Electronic Paperwork Submission Changes

Washington, D.C., March 22, 2023 – SIFMA today issued the following statement from president and CEO Kenneth E. Bentsen, Jr. on the Securities and Exchange Commission’s (SEC) proposed changes to allow electronic filing, submission, or posting of certain forms, filings, and other materials that are required under the Securities Exchange Act of 1934:

“SIFMA commends the SEC for proposing electronic submission changes, moving toward implementing a modernized filing framework suitable for the 21st century. The logical and natural next step is for the SEC to also review its rules on the delivery of investor communications and foster evolution in the quality of investor communications and engagement. “

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SIFMA is the leading trade association for broker-dealers, investment banks and asset managers operating in the U.S. and global capital markets. On behalf of our industry’s nearly 1 million employees, we advocate for legislation, regulation and business policy affecting retail and institutional investors, equity and fixed income markets and related products and services. We serve as an industry coordinating body to promote fair and orderly markets, informed regulatory compliance, and efficient market operations and resiliency. We also provide a forum for industry policy and professional development. SIFMA, with offices in New York and Washington, D.C., is the U.S. regional member of the Global Financial Markets Association (GFMA). For more information, visit http://www.sifma.org.