SEC Schedules Meeting to Consider Adopting Conflict Minerals and Resource Extraction Rules | Practical Law

SEC Schedules Meeting to Consider Adopting Conflict Minerals and Resource Extraction Rules | Practical Law

The SEC announced that it has scheduled an open meeting for August 22, 2012 to consider adopting disclosure rules regarding conflict minerals and payments by resource extraction issuers, as required by the Dodd-Frank Act.

SEC Schedules Meeting to Consider Adopting Conflict Minerals and Resource Extraction Rules

by PLC Corporate & Securities
Published on 03 Jul 2012 • USA (National/Federal)
The SEC announced that it has scheduled an open meeting for August 22, 2012 to consider adopting disclosure rules regarding conflict minerals and payments by resource extraction issuers, as required by the Dodd-Frank Act.
On July 2, 2012, the SEC announced that it has scheduled an open meeting for August 22, 2012 to consider adopting long-awaited rules on disclosure and reporting obligations for:
  • The use of conflict minerals, as required by Section 1502 of the Dodd-Frank Act.
  • Payments to governments made by resource extraction issuers, as required by Section 1504 of the Dodd-Frank Act.
At the meeting, the SEC will also consider amendments to Rule 506 of Regulation D and Rule 144A under the Securities Act of 1933, which are required by the JOBS Act (see Legal Update, SEC Meeting to Consider Revising Regulation D and Rule 144A under JOBS Act).
To learn more about Section 1502 and the proposed conflict minerals rules, see Practice Note, Conflict Minerals Due Diligence and Conflict Minerals Disclosure Requirements Checklist.
For more on Section 1504 and the proposed resource extraction rules, see Practice Note, Summary of the Dodd-Frank Act: SEC Authority and Selected Securities Act and Exchange Act Provisions: Resource Extraction.