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Disclosure, materiality & market conduct · Working

Safe-harbour language

Also called: cautionary statement

ELI5

Caution intended to qualify forward-looking statements under applicable law.

Used in conversation

“Which version of safe-harbour language should the board treat as current?”

Pitch context

You will see “Safe-harbour language” 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.

When the words have to travel

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Sources & evidence · 5

Direct term-level sources and supporting source families.