SEC Promises Disclosure Rule by Next June

摘要

The US Securities and Exchange Commission (SEC) said Friday that it could finalize a rule requiring disclosures of payments by oil, gas and mining companies around the world in financial filings by the end of next June ( OD Sep.3'15 ). A Massachusetts court in September ordered the agency to establish an “expedited schedule” for issuing a rule that requires companies to provide country - by - country and project - by - project disclosures of payments made to foreign governments. Congress required the disclosures in the 2010 Dodd - Frank legislation aimed at reforming Wall Street.