Despite a partially successful legal challenge, the Securities and Exchange Commission still expects companies to meet the upcoming deadline for conflict minerals disclosures. In response, three business groups that sued to stop the rule are again demanding that the Commission, at the very least, delay those requirements.
This week, Keith Higgins, director of the SEC’s Division of Corporation Finance issued a statement intended to clarify reporting expectations. Barring further action by the Commission or a court, his division expects companies to file Form SD and any related Conflict Minerals Report on or before the June 2 due date. Companies that do not need to file a Conflict Minerals Report should disclose their reasonable country of origin inquiry and briefly describe the inquiry they undertook.
