SEC Sticks with Online Fund Reports to Spare Trees and Mailmen
Published Date: 9/29/2025
Notice
Summary
The SEC is asking for comments to extend a rule that lets investment funds share important reports online instead of mailing paper copies. About 700 funds use this option, saving time and money while still giving investors easy access to info. The rule keeps costs around $5 million yearly and requires funds to notify investors and provide paper copies if asked.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Compliance Burden for Funds
The SEC estimates that complying with Rule 30e‑3’s information collection requirements affects about 703 funds and creates a total annual burden of approximately 1,406 hours and an annual cost burden of about $5,129,008. Relying on the rule is voluntary, but compliance is necessary to obtain the benefit of relying on it.
Funds May Post Reports Online
The rule lets a registered investment fund satisfy its semi‑annual shareholder report requirement by posting reports and certain materials on a website instead of mailing paper copies, as long as the report is available online, investors are given notice of the website, and paper copies are delivered upon request. The SEC estimates about 703 funds are affected by this option.
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