Regulatory Alerts2021-01-15 | 2020-28103Added · Updated
Disclosure of Payments by Resource Extraction Issuers
The Securities and Exchange Commission adopted final rules implementing Section 13(q) of the Securities Exchange Act of 1934 to mandate transparency in resource extraction industries. These rules require resource extraction issuers to disclose the type and total amount of payments made to foreign and federal governments for the commercial development of oil, natural gas, or minerals. The regulations specify detailed definitions for projects and payments, require interactive data format submissions, and establish exemptions and alternative reporting recognitions to align with international standards.
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