Securities and Exchange Commission Provides Guidance on Conflict Minerals and Resource Extraction Payments Disclosure
5 June 2013
Mayer Brown Legal Update
The Division of Corporation Finance of the Securities and Exchange Commission (the “SEC”) has provided guidance in the form of frequently asked questions with respect to two recent SEC rules: disclosure requirements for conflict minerals originating in the Democratic Republic of Congo or an adjoining country and disclosure requirements for certain payments to governments by resource extraction issuers with respect to the commercial development of oil, natural gas or minerals. The SEC adopted both the conflict minerals rules and resource extraction payments rules pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act.