SIFMA provides comments to the Securities and Exchange Commission (SEC) on a NYSE proposed rule change to amend Rule 451, Transmission of Proxy Material.

SIFMA supports the proposal to establish a 99 cent “success fee” to encourage the development of Enhanced Broker Internet Platforms, (EBIPs). SIFMA believes that the more widespread development of EBIPs would further promote consents in electronic delivery and therefore result in significant cost savings for issuers through the reduction in the number of paper deliveries of proxy materials.