The Securities and Exchange Commission will not voluntarily postpone the implementation of a recent rule requiring oil, gas and mining companies to disclose payments made to governments for extraction rights.
On Oct. 25, the American Petroleum Institute, the Independent Petroleum Association of America, the National Foreign Trade Council, and the U.S. Chamber of Commerce hand-delivered a Motion for Stay to the SEC demanding that it defer the rule’s Nov. 13 effective date while their challenge remains in litigation.
