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Legal Alert: SEC Announces Date to Consider Conflict Minerals Rule Adoption

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On July 2, 2012, the U.S. Securities and Exchange Commission (SEC) announced that it will hold an open meeting on August 22, 2012, at 10 a.m., at its headquarters in Washington, D.C., to consider adopting rules that would regulate the use of so-called “conflict minerals.” The minerals that will be regulated are: cassiterite, columbite-tantalite, gold, wolframite and their derivatives (the Conflict Minerals). We have included a copy of the SEC announcement.

If adopted, the rules will impact thousands of companies and their suppliers throughout the world that use Conflict Minerals in their manufacturing processes. Manufacturers of electronics, pharmaceuticals, heavy equipment, clothing, jewelry and certain food items are likely to be affected. Companies that invest in these sectors may also be impacted.

Please see full alert below for more information.


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Published In: Administrative Law Updates, Business Organization Updates, Commercial Law & Contracts Updates, International Law & Trade Updates, Securities Law Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Sutherland Asbill & Brennan LLP | Attorney Advertising

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