The International Organization of Securities Commissions (IOSCO) has published its Thematic Review of the Implementation on the Timeliness and Frequency of Disclosure to Investors according to Principles 16 and 26 of the IOSCO Objectives and Principles of Securities Regulation.

The report sets out the findings of the thematic review about the timeliness and frequency of disclosure by issuers and collective investment schemes (CIS) under Principles 16 (relating to issuers) and 26 (relating to CIS) of IOSCO’s Objectives and Principles of Securities Regulation.

In relation to Principle 16, which states that there should be full, accurate and timely disclosure of financial results, risk and other information that is material to investors’ decisions, the thematic review found differences around whether and when information is required to be disclosed, noting that requirements varied according to the type of issuer and the type of information.

In relation to Principle 26, which states that regulation should require disclosure, which is necessary to evaluate the suitability of a CIS for a particular investor and the value of the investor’s interest in the scheme, the thematic review found that timely disclosure requirements on value, risk reward profile and costs of CIS were in place for all jurisdictions.

View IOSCO publishes review of the timeliness and frequency of disclosure to investors, 30 July 2015