- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
In 2012 the SEC issued a rule requiring oil, gas, and mining companies to report the payments made to governments for extraction rights. It was promptly sent back to the drawing board after a successful legal challenge. Now, the Commission is back with a revised rule. Joe Mont looks at ...
THIS IS MEMBERS-ONLY CONTENT. To continue reading, choose one of the options below.
News and analysis for the well-informed compliance or audit exec. Select an option and click continue.
Annual Membership limited time offer
Subscribe now for $365
Our lowest price ($1 per day) for one year.
Annual Membership $499
Full price one year membership.
Energy and mining companies will need to take extra care to comply with updated SEC requirements involving disclosures on payments made to foreign companies. Jaclyn Jaeger has more.
After two failed iterations, the SEC has approved revamped rules laying out what commercial oil, natural gas, and mineral extraction companies must disclose about payments they make to U.S. and foreign governments.
The SEC voted to propose a new version of rules that would require resource extraction issuers to disclose payments made to foreign governments or the U.S. federal government for the commercial development of oil, natural gas, or minerals.
