/rɪˈpɔrtɪŋ ənd dɪˈskloʊʒər rɪˈkwaɪrmənt/ – Noun
Definition: Yêu cầu báo cáo và công bố
A more thorough explanation: the formal duty to provide the state with certain information concerning a business entity
Example: The company is subject to the reporting and disclosure requirements imposed by section 7 of the Act.