comparative United States Translation unavailable

SEC Regulation FD

17 C.F.R. Part 243

U.S. selective-disclosure regime requiring public companies to make broad public disclosure when material nonpublic information is intentionally or unintentionally disclosed to specified market professionals or security holders.

Open source

Use It For

Use this for hypotheticals about analyst calls, investor meetings, leaks, and equal access to material information.

Teaching Notes

Regulation FD is a useful comparator for Chinese continuous disclosure and fair-information-access policies.