• SEC Issues FAQs on Conflict Minerals Disclosure Rules
  • July 5, 2013
  • Law Firm: Harter Secrest Emery LLP - Rochester Office
  • Recently, the United States Securities and Exchange Commission (the “SEC”) issued interpretive guidance, in the form of Frequently Asked Questions (“FAQs”), to provide clarity on various aspects of the Conflict Minerals Disclosure Rules (the “Rules”) of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The Rules require all companies that are subject to Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934 (“Exchange Act”), including smaller reporting companies, emerging growth companies and foreign private issuers, to disclose their use of conflict minerals originating in the Democratic Republic of Congo (“DRC”) or an adjoining country that are necessary to the functionality or production of products they manufacture or contract to manufacture. This disclosure requirement goes into effect beginning with the calendar year ending December 31, 2013.