Date: September 6, 2016
Issue: SEC Reform
To: Chair Mary Jo White
Filing Type: Regulatory
Description: The CCMC has long advocated for the modernization of disclosures and their delivery and have encouraged the SEC to proactively facilitate the use of electronic and web based communications to improve investor decision making. We believe that the SEC should move away from a 1930’s paper based model and embrace the information delivery systems used by the general public, including investors and the businesses they invest in. Backing away from the Proposed Rule, which would further support the ability of investors to choose between paper-based or electronic delivery of shareholder reports, is a major step backwards.