Thomas-Henry questions COIB on annual disclosure comparison
Thomas-Henry asks why adding prediction market reporting is difficult given existing disclosure requirements. Carolyn distinguishes between reporting assets held on a final date versus reporting completed in-and-out event contracts, noting nothing comparable exists.
So when we talk about the annual disclosure, because arguably there are certain things that aren't necessarily conflicts, especially when you're running as a candidate, but that pertains to anything in the annual disclosure.
Earning, owning property, the fight where you're...
Spouse or any other works.
Like there's multiple layers of what is already disclosed.
So I'm not understanding why it would be difficult to add this one more section because there are several sections and the annual disclosure does take some time, but to the point that you made where some things are not excluded.
So why disclose them?
Why disclose the things that are currently in the disclosure?
Well, I would argue that, I'm sorry.
A conflict.
Yeah, so certainly there's holding real estate.
These are assets that you hold over the course of the reporting year or on the final day.
The current prohibition or the current reporting regime that's being articulated are...
Event contracts that are closed, they're concluded.
So this is conduct that's being reported versus your asset.
assets and liabilities on the final date of the reporting period.
So there's a distinction.
And there's nothing about when someone is a candidate for elective office, just for that example, one might want to know what positions they've held, where their assets are, because that's going to impact the kinds of...
The kinds of things that might be interests of theirs as a public servant.
In other words, if I have an affiliation with a particular business or own 10 buildings in a particular community, that might impact my concerns about how a certain community is regulated.
But here, these are in-and-out contracts that could happen in a day or two that someone could be reporting zero or could be reporting 100 event contracts.
There's just nothing comparable to it in the annual.