Disclosure Requirement

A disclosure requirement is a legal or regulatory obligation for individuals or organizations to share specific information openly, usually about their financial status, operations, or conflicts of interest. This transparency helps ensure fairness, trust, and informed decision-making among stakeholders, regulators, or the public. For example, companies often must disclose financial reports to demonstrate their economic health, and professionals may need to reveal any potential conflicts that could influence their impartiality. These requirements promote honesty and accountability, helping prevent fraud, corruption, or misuse of information.