Disclosure as a Public Policy Instrument in Global Capital Markets.

Research output: Article


The article discusses selective aspects of disclosure in securities law and how it serves as a public policy instrument in global capital markets. It is reported that disclosure is a critically important public policy instrument in securities law and most jurisdictions use a disclosure-based system. The article suggests that both upside potential and downside risks to market integrity are offered by the increasing complexity of products and the rapid growth in electronic-based disclosure.
Original languageEnglish
Pages (from-to)875-898
Number of pages24
JournalTexas International Law Journal
Issue number3
Publication statusPublished - 2007

Bibliographical note

Accession Number: 27163309; Sarra, Janis 1,2; Affiliation: 1: Associate Dean, University of British Columbia. 2: Associate Professor, University of British Columbia Faculty of Law.; Source Info: Summer2007, Vol. 42 Issue 3, p875; Subject Term: SECURITIES industry laws; Subject Term: FINANCIAL disclosure; Subject Term: FINANCIAL markets; Subject Term: CAPITAL market; Subject Term: COMMERCIAL law; NAICS/Industry Codes: 926150 Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors; NAICS/Industry Codes: 523110 Investment Banking and Securities Dealing; NAICS/Industry Codes: 523120 Securities Brokerage; NAICS/Industry Codes: 523210 Securities and Commodity Exchanges; Number of Pages: 24p; Document Type: Article

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