IOSCO champions machine-readable disclosure for listed companies
IOSCO champions machine-readable disclosure for listed companies. Earlier this week the International Organization of Securities Commissions (IOSCO) released its report ‘Recommendations for Secondary Market Disclosure,’ which offers guidance for jurisdictions reviewing or creating disclosure regimes for listed entities.
Crucially, Recommendation X states that listed entities should be encouraged to provide information in a machine‑readable format. IOSCO highlights the benefits of structured data for investors and analysts: enabling easier extraction, comparison and analysis of information, and paving the way for more efficient, data-driven markets.
IOSCO has long emphasised the importance of full, accurate and timely disclosure for secondary markets (see Principle 16). The new recommendations update and consolidate prior guidance, explicitly recognising the role of structured and digital‑ready data in supporting transparent, efficient markets. When data is digital, standardised and machine-readable, it supports not only investor protection but also the future of AI-assisted analysis, risk oversight and transparency in sustainable finance.
For further details, the IOSCO consultation report can be viewed here.
