New SEC Requirements Relating To Conflict Minerals, Certain Payments To The US Or Foreign Governments And Reporting Of Transactions With Iran

 
FREE EXCERPT

On August 22, 2012 the SEC adopted two new rules mandated by the Dodd-Frank Wall Act requiring: issuers for which conflict minerals are necessary to the functionality or production of a product manufactured or contracted to be manufactured to disclose their use of conflict minerals, and resource extraction issuers to disclose certain payments made to the US government or foreign governments. The following publications summarize the rules and our observations: Dataline 2012-10 SEC adopts conflict minerals rule US In Brief : 2012-39: SEC adopts rule requiring payment disclosures by resource extraction issuers On August 10, 2012 President Obama signed the Iran Threat Reduction and Syria Human Rights Act of 2012 ("ITRSHRA") into law that among other things, requires public companies to disclose in their annual and quarterly reports filed with the SEC whether they or their...

To continue reading

FREE SIGN UP