A Securities and Exchange Commission rule requiring oil, gas, and mining companies to publicly disclose payments made to governments for extraction rights has been vacated by a court decision issued on Tuesday.
Unless the SEC revisits the regulation or there is a successful appeal, the ruling means that these companies will not have to report aggregated payments exceeding $100,000, a requirement that was to begin for those with fiscal years ending after Sept. 30, 2013. Approximately 1,100 companies were covered by the rule.
