Business Law and Corporate Law

The SEC has proposed Regulation E-Delivery, which would fundamentally transform how issuers, broker-dealers, investment companies, and investment advisers deliver required information to investors by making electronic delivery the default method. This shift from the current opt-in framework to an opt-out model would supersede decades of existing guidance while introducing new compliance requirements for covered entities.

The SEC has launched a specialized enforcement unit targeting accounting professionals while simultaneously proposing to reduce mandatory interim reporting frequency. This creates a complex regulatory environment where heightened scrutiny of auditors coincides with fewer opportunities for interim financial review, raising critical questions about disclosure timing, audit committee oversight, and enforcement risk.

On July 31, 2026, the Board of Governors of the Federal Reserve System (the “Board”) proposed the most significant updates to insider lending restrictions for banks in more than three decades (“Proposed Rule”). If finalized, the amendments to Regulation O would, among other things, modernize long-outdated dollar thresholds, codify significant staff interpretations and statutory provisions, and provide targeted relief for banks which have passive investment funds as “principal shareholders” (10% or more of a class of voting shares).