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The SEC says it will require that disclosure "be provided in plain English", but refrains from saying who will be the arbiter of that.Obfuscation is rife in three areas in particular pensions, perks and deferred pay and the SEC addresses all of them.
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The new rule would require that disclosures be made prominently in written materials, essentially doing away with the vague and almost meaningless disclosures of possible ownership stakes and investment banking relationships that now appear in microscopic print on the back page of most Wall Street research reports.
That agreement did not require that disclosures be posted online or be given to current students at schools up for sale.
Except as provided in subsection (c), regulations of the Bureau need not require that disclosures pursuant to this subchapter be made in the order set forth in this subchapter and, except as otherwise provided, may permit the use of terminology different from that employed in this subchapter if it conveys substantially the same meaning.
Other revenue agencies in other free societies don't require that level of disclosure.
Twitter, for instance, also requires American political advertisers to disclose who paid for adverts, but requires that disclosure to be linked to an employer record, limiting the ability of potentially malicious actors to create fictional identities.
The clear and conspicuous standard requires that disclosures be reasonably understandable.
"If British banks were required to make that disclosure … we would be the only country in the world that is requiring disclosure of that kind".
Federal ethics law requires that financial disclosure forms be submitted no later than five days after a formal nomination, or before a nominee's hearing, whichever is earlier.
The senior author of the review, Dr. F. Javier Nieto, professor of population and health studies at the University of Wisconsin, recommended requiring "that the disclosure is made in the abstract, right up front".
Facebook requires that this disclosure info be complete and accurate, and that advertisers follow applicable laws.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com