SEC Issues Final Rule on Disclosure of Payments by Resource Extraction Issuers
December 16, 2020
The SEC has issued a final rule, Disclosure of Payments by Resource Extraction Issuers, which reflects requirements mandated by Section 1504 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Under the final rule, “resource extraction issuers that are required to file reports under Section 13 or 15(d) of the Securities Exchange Act of 1934 [must] disclose payments made to the U.S. federal government or foreign governments for the commercial development of oil, natural gas, or minerals.” The final rule is effective 60 days after its publication in the Federal Register.
For more information, see the press release as well as statements by SEC Chairman Jay Clayton and Commissioners Hester M. Peirce, Elad L. Roisman, Caroline A. Crenshaw, and Allison H. Lee on the SEC’s Web site.