Regulatory Disclosures
Without a certain level of appropriate guidance, issuers of securities may fail to clearly and consistently disclose the relevant information that allows investors to make informed investment decisions. Poor-quality or missing information can mislead investors about the financial condition and performance of a company, so in many instances, regulatory oversight of disclosures only improves investor protections.
The benefits of disclosure should be weighed against practical issues, such as the cost of gathering and reporting or any competitive disadvantages a firm suffers in the process. But providers of financial information − regardless of size, industry, locale, or maturity − will best serve investors by adhering to the highest standards of transparency, accuracy, relevance, and timeliness in financial reporting.
We have research, standards, and education that address regulatory disclosures:
- A Comprehensive Business Reporting Model: Financial Reporting for Investors
- Asset Manager Code of Professional Conduct
- Self-Regulation in Today's Securities Markets: Outdated System or Work in Progress?
- Global Investment Performance Standards
- Apples to Apples: A Template for Reporting Quarterly Earnings