SEC Adopts Rules Requiring Payment Disclosures By Resource Extraction Issuers

more+
less-

The Securities and Exchange Commission (SEC) recently adopted rules mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) requiring resource extraction issuers to disclose certain payments made to the U.S. government or to non-U.S. governments.

The Dodd-Frank Act directed the SEC to issue these rules requiring certain companies engaged in the commercial development of oil, natural gas, or minerals (resource extraction issuers) to disclose certain payment information annually. In particular, Section 1504 of the Dodd-Frank Act amends the U.S. Securities Exchange Act of 1934 (Exchange Act) by adding a new section, Section 13(q).

Please see full alert below for more information.

LOADING PDF: If there are any problems, click here to download the file.


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.

© Patterson Belknap Webb & Tyler LLP | Attorney Advertising

Written by:

more+
less-

Patterson Belknap Webb & Tyler LLP on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.
×
Loading...
×
×