SEC Eases Disclosure Rule On Oil Payments To Governments ...Middle East

Economy by : (OILPRICE) -
The U.S. Securities and Exchange Commission (SEC) approved on Wednesday in a 3-2 vote a final rule on resource extraction disclosures, relaxing the requirements for oil and mining companies to report payments made to foreign governments. The final rule, part of the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act, is the third version of the rule for Section 1504 of the Dodd-Frank act. The final rule doesn’t require oil and mining companies to disclose payments on a contract-by-contract basis, only aggregate amounts of payments…

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