2016-07-27 | 2016-15676

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Disclosure of Payments by Resource Extraction Issuers

The Securities and Exchange Commission adopted Rule 13q-1 to implement Section 1504 of the Dodd-Frank Act, requiring resource extraction issuers to disclose payments made to foreign and federal governments for the commercial development of oil, natural gas, or minerals. The rule mandates that issuers report the type and total amount of these payments by project and government in their annual reports using a standardized interactive data format. This final rule, which follows the vacatur of the 2012 version, becomes effective on September 26, 2016, with compliance required for fiscal years ending on or after September 30, 2018.

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