SEC finally issues disclosure rule


Issue 327 - 08 Jul 2016 | 1 minute read
The US Securities and Exchange Commission (SEC) has released a rule requiring oil and mining companies publicly traded on US stock exchanges to disclose payments to the US and foreign governments. The rule will finally enact Section 1504 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, passed by Congress and signed by President Barack Obama in 2010. The SEC introduced an implementing rule for Section 1504 in 2012, but this was set aside by a US district court in 2013 following a legal challenge by the American Petroleum Institute lobby group.

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The roundtable is part of the monthly AIX membership programme and will be chaired by African Energy's John Hamilton with contributions from guests.

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