SEC Proposes Conflict Minerals Disclosure Rules.
Mondaq Business Briefing › Nbr. 2011, January 2011
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Summary
Securities and Exchange Commission
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Extract
SEC Proposes Conflict Minerals Disclosure Rules.
The Securities and Exchange Commission, on December 15, 2010, published a release proposing new rules implementing disclosure requirements for reporting issuers that use conflict minerals originating in the Democratic Republic of the Congo or its adjoining countries. The Dodd-Frank Wall Street Reform and Consumer Protection Act (the Dodd- Frank Act) requires the Commission to issue final rules regarding conflict minerals no later than April 15, 2011.
The proposed rules would require issuers to disclose their use of conflict minerals in their annual report on Form 10-K for a domestic issuer, Form 20-F for a foreign private issuer, and Form 40-F for an eligible Canadian issuer. The Commission is currently soliciting public comments on the proposed rules, which raises the possibility that certain aspects of the proposal could ch...See the full content of this document
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