Brave new world: Digital disclosure of financial products and services

Abstract

This article examines a number of issues in respect of digital disclosure of financial products and services, including how digital disclosure is defined and its development in various jurisdictions. In particular, the article focuses on recent developments in Australia, including the adoption of the 'publish and notify' method under which digital disclosure serves as the default method of disclosure, subject to the ability of investors to opt out. Digital disclosure gives rise to various issues and concerns, including how to achieve the prescribed disclosure standards and mitigate liability concerns. Interactive or 'smart' disclosure has the potential to promote better engagement on the par..