Washington, DC, June 5, 2018 – Kenneth E. Bentsen, Jr. President & CEO of SIFMA released the following statement today regarding the SEC’s adoption of a rule to allow mutual funds to distribute reports electronically:

“SIFMA has long-supported efforts to expand the opportunity for electronic delivery of shareholder reports.  We applaud the SEC for advancing this rulemaking and thank Chairman Clayton for his leadership in working to modernize investor communications.”

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SIFMA is the voice of the U.S. securities industry. We represent the broker-dealers, banks and asset managers whose nearly 1 million employees provide access to the capital markets, raising over $2.5 trillion for businesses and municipalities in the U.S., serving clients with over $18.5 trillion in assets and managing more than $67 trillion in assets for individual and institutional clients including mutual funds and retirement plans. 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.