Disclosure, materiality & market conduct · Core

Selective disclosure

Also called: selective release

ELI5

Providing material non-public information to selected recipients without required public dissemination.

Used in conversation

“Do not describe selective disclosure as agreed until the operative document says so.”

Pitch context

You will see “Selective disclosure” in annual reports, earnings decks, filings and investor presentations when the discussion reaches disclosure, materiality & market conduct.

Why it matters: In disclosure, materiality & market conduct, a loose definition can change rights, obligations, approval, disclosure or enforceability.

Caution

Meaning, enforceability and required process vary by jurisdiction and agreement; this definition is not legal advice.

Sources & evidence · 5

Direct term-level sources and supporting source families.