On December 16, 2020, the US Securities and Exchange Commission (SEC), by a 3-2 vote, adopted final rules requiring annual disclosure on Form SD of payments by SEC reporting companies engaged in the commercial development of oil, natural gas or minerals (resource extraction issuers) to certain governmental entities. The new rules should combat bribery and corruption in the resource extraction industry, in addition to improve the corporate transparency landscape more broadly.

Continue reading on MayerBrown.com for our analysis of these new SEC disclosure rules and the practical implications for reporting entities.

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