The US Securities and Exchange Commission on Thursday proposed a new rule that would allow electronic delivery of disclosures in what it says is an effort to make information more accessible to investors, brokerage and investment fund advisers and others.

The agency said the change reflects the current state of technology used on Wall Street, which is part of a pro-innovation agenda. “In the age of artificial intelligence and blockchain technology, default to paper delivery should be a relic, not the norm,” SEC Chairman Paul Atkins said in a statement. Companies currently provide investor disclosures in paper format unless recipients request electronic delivery.

Under the proposal, companies will have the ability to offer e-delivery without first seeking consent for this, according to the announcement, also potentially saving costs. The proposal is now subject to a two-month notice-and-comment period before any decision on finalizing the rule.