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2016

June 30, 2016 — SEC Issues Final Rule to Improve Transparency of Certain Disclosures by Resource Extractors

SEC Issues Final Rule to Improve Transparency of Certain Disclosures by Resource Extractors

Accounting Journal Entry
June 30, 2016
The SEC has issued a final rule1 in response to a mandate under Section 1504 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which requires issuers engaged in the commercial development of oil, natural gas, or minerals to disclose certain payments made to U.S. federal and foreign governments. The rule is designed to improve transparency about payments related to resource extraction.

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