BR · 10-K · 2026A · Full report
Regulatory Approval Milestones
BROADRIDGE FINANCIAL SOLUTIONS, INC. · 2026-08-04 · Importance 37 · Surprise 42 · In source text
On July 16, 2026, the SEC proposed Regulation E-Delivery, which would permit—but not require—electronic delivery as the default for disclosures and regulatory materials under the federal securities laws. The proposal covers prospectuses, proxy statements, shareholder reports, and trade confirmations delivered by issuers, investment advisers, broker-dealers, and transfer agents, and includes two required paper notices with an opt-out opportunity for recipients currently receiving paper materials. Broadridge expects no financial-results impact in fiscal 2027 if adopted as proposed, but anticipates modestly lower recurring revenue growth over two to three years and lower distribution revenue, with margin improvement and new solutions expected to substantially offset earnings effects.
Key facts
- On July 16, 2026, the SEC proposed Regulation E-Delivery which is subject to a 60-day comment period. source
- Based on preliminary analysis, if Reg E-Delivery is adopted and implemented as proposed, we expect no impact on our financial results in fiscal year 2027. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | unclear | contingent | — | On July 16, 2026, the SEC proposed Regulation E-Delivery which is subject to a 60-day comment period. |