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TITLE I - Troubled Assets Relief Program

Sec. 114. Market Transparency. (2 Comments) subscribe to the comments feed

  1. PRICING.To facilitate market transparency, the Secretary shall make available to the public, in electronic form, a description, amounts, and pricing of assets acquired under this Act, within 2 business days of purchase, trade, or other disposition.

  2. DISCLOSURE.For each type of financial institutions that sells troubled assets to the Secretary under this Act, the Secretary shall determine whether the public disclosure required for such financial institutions with respect to off-balance sheet transactions, derivatives instruments, contingent liabilities, and similar sources of potential exposure is adequate to provide to the public sufficient information as to the true financial position of the institutions. If such disclosure is not adequate for that purpose, the Secretary shall make recommendations for additional disclosure requirements to the relevant regulators.

2 comments on Sec. 114. Market Transparency.

  • The transparency and publication requirement "…in electronic form…" should be further refined as both a human- and machine-readable electronic form which is non-proprietary and open source.

    Text and figures in XML are far superior in their accessibility compared to opposed to a photograph of a document delivered in PDF.

    posted by R. Murnen (private citizen) at September 29, 2008

  • Concur with R. Murnen:

    Something like:

    " ... in electronic form conforming to W3C specification "Extensible Markup Language (XML) 1.1 (Second Edition), and such other formats as ..."

    posted by lambert strether (Corrente) at September 29, 2008
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