You're no doubt working hard to complete your due diligence analysis and finalize your Form SD (and Conflict Minerals Report) as required by the US Conflict Minerals Rule. But, around the corner is another conflict minerals regime that could impact your business — the EU Conflict Minerals Regulation. The EU's due diligence and disclosure obligations do not take effect until 2021, but if you are a Union importer, there are things you will want to do before that date to minimize your compliance costs and avoid possible disruptions to your supply chains.
This LexisNexis article gives an introductory look into the EU Conflict Minerals Regulation and warns businesses to start working to manage their supply chains in order to avoid some additional burdens that are built into the regulation.
The article, "The EU conflict minerals regime," can be accessed on LexisNexis here.
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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.