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Yes, there is still a conflict minerals rule

Joe Mont | March 28, 2017

Contrary to what a half-hearted Google search might suggest, President Donald Trump did not repeal the Securities and Exchange Commission’s conflict minerals rule. Nor has the Commission backed away from a forthcoming filing deadline.

The rule remains in (nearly) full effect. Disclosures for the 2016 reporting year are still due by May 31, a fact that officials from the Division of Corporation Finance stressed at the recent “SEC Speaks” conference in Washington D.C.

If there was confusion about the fast-approaching disclosure deadline, blame the grand tradition of political “trial balloons.”

Back in February, a purported presidential memorandum was leaked. Anyone with even a passing interest in the rule—as a reporter, corporate counsel, trade association, or activist investor—could easily get their hands on a copy of what appeared to be a soon-to-drop document.

Then … nothing. The memo, weeks later, has yet to reemerge as a Trump Administration edict.... To get the full story, subscribe now.