Disclosure
RIXML 2.5 Element
Provides proactive disclosure information about current publisher involvement in offerings, M&A activities, or analyst holdings. Required Description element contains disclosure details, with optional code attribute for publisher-defined categorization systems.
Disclosure information from the publisher that is required to accompany a research product. Disclosure is 'proactive' in that it discloses current involvement and role in an offering or M&A. This would also include disclosures of analyst holdings in stock mentioned, etc. This section changes relatively frequently.
Usage
Required within IssuerSecurityID elements, multiples allowed. Used for frequently changing disclosures about current business relationships and potential conflicts of interest.
Business Context
Critical for regulatory compliance and transparency in research distribution, ensuring investors understand potential conflicts of interest and publisher relationships that could influence research opinions.
Where It Fits
Canonical Path
Definition
| Type | |
| Namespace | http://www.rixml.org/2017/9/RIXML |
| Min Occurs | 1 |
| Max Occurs | 1 |
Attributes
codestring |
Indicates the publisher defined disclosure code for a specific disclosure. For example, a publisher may need to disclose a banking relationship with a company, and may call this disclosure code A. optional |
Children
Descriptionstring1..1 |
A description of the disclosure. requiredSince 2.1 |
Example
<Disclosure>
<Description> ... </Description>
</Disclosure>Version History
Unchanged since introduction in RIXML 2.1
Semantic Relationships
Contrasts With1 relationship
Disclosure information changes relatively frequently as it covers current involvement, while Hedge information changes less frequently covering historical relationships
RIXML Research Data Dictionary v2.5.1, p.68— Disclosure