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Shining A Light On Payments To Governments: SEC Adopts ‘Publish What You Pay' Rule For Resource Extraction Issuers
12 July 2016
Shearman & Sterling LLP
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On June 27, 2016, the US Securities and Exchange Commission
adopted a final rule implementing Section 1504 of the Dodd-Frank
Act. The new rule will require resource extraction issuers to
disclose payments they make to governments for the commercial
development of oil, natural gas or minerals. The new rule will take
effect for an issuer's first fiscal year ending on or after
September 30, 2018, and will require disclosure of government
payments information annually in a specialized disclosure report on
Form SD, no later than 150 days after an issuer's fiscal year
end.
View full memo, Shining a Light on Payments to Governments: SEC
Adopts 'Publish What You Pay' Rule for Resource Extraction
Issuers
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