SEC Passes Final Rules For Dodd-Frank Section 1502 – Conflict Minerals

This morning, August 22nd, the SEC voted 3-2 in favour of the final rules proposed for Dodd-Frank Section 1502 – Conflict Minerals.

In what was a long awaited vote, the SEC adopted several rule changes that will affect Conflict Mineral Reporting requirements including a new status of “DRC Conflict indeterminable” and calendar year reporting requirements (as opposed to fiscal year end).

Assent Compliance will be hosting a webinar on September 5th covering Conflict Minerals including the changes between the proposed and final rules. https://www.assentcompliance.com/webinar.asp

Assent Compliance offers a turnkey Conflict Mineral Compliance service including Conflict Minerals Scope AssessmentsConflict Minerals Reasonable Country of Origin InquiryConflict Minerals Reports, and Conflict Minerals Software for reviewable business records.”

Media Coverage of The SEC Meeting:

http://www.bloomberg.com/news/2012-08-22/sec-s-conflict-minerals-rule-requires-reports-filed-in-may-2014.html

http://www.latimes.com/business/money/la-sec-conflict-minerals-congo-rules-20120822,0,7185990.story

http://www.forbes.com/sites/ericsavitz/2012/08/22/sec-approves-detailed-disclosure-on-conflict-minerals/

 

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