Regulatory Alerts2016-06-27 | 2016-14632Added · Updated
Modernization of Property Disclosures for Mining Registrants
The Securities and Exchange Commission proposes to modernize mining property disclosure requirements by rescinding Industry Guide 7 and consolidating rules into a new subpart of Regulation S-K. The proposed revisions align U.S. standards with global CRIRSCO-based codes, allowing registrants to disclose mineral resources alongside reserves and requiring reports to be prepared by a Qualified Person. These changes aim to provide investors with a more comprehensive understanding of mining properties and harmonize U.S. regulations with current international industry practices.
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