Disclosure as a Public Policy Instrument in Global Capital Markets.

Janis Sarra

Disclosure as a Public Policy Instrument in Global Capital Markets.

Allard School of Law at the University of British Columbia

Research output: Article

Abstract

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 language	English
Pages (from-to)	875-898
Number of pages	24
Journal	Texas International Law Journal
Volume	42
Issue number	3
Publication status	Published - 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

Access to Document

Cite this

@article{cb5b9487c5d849f18393cf6017bf8c62,

title = "Disclosure as a Public Policy Instrument in Global Capital Markets.",

abstract = "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.",

keywords = "SECURITIES industry laws, FINANCIAL disclosure, FINANCIAL markets, CAPITAL market, COMMERCIAL law",

author = "Janis Sarra",

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",

year = "2007",

language = "English",

volume = "42",

pages = "875--898",

journal = "Texas International Law Journal",

issn = "0163-7479",

publisher = "University of Texas at Austin School of Law Publications",

number = "3",

}

TY - JOUR

T1 - Disclosure as a Public Policy Instrument in Global Capital Markets.

AU - Sarra, Janis

N1 - 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

PY - 2007

Y1 - 2007

N2 - 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.

AB - 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.

KW - SECURITIES industry laws

KW - FINANCIAL disclosure

KW - FINANCIAL markets

KW - CAPITAL market

KW - COMMERCIAL law

M3 - Article

SN - 0163-7479

VL - 42

SP - 875

EP - 898

JO - Texas International Law Journal

JF - Texas International Law Journal

IS - 3

ER -