24 Apr '12, 6pm

#Conflict #minerals: why no SEC rule yet?

Companies around the world are anxiously waiting for the US Securities and Exchange Commission (SEC) to issue its conflict minerals rule. It is the rule that will require companies to determine whether their products contain metals sourced from mines located in conflict areas of the Democratic Republic of the Congo and adjoining countries. The SEC issued a proposed rule in late 2010, but they have yet to issue a final rule. Why the delay and when can companies expect a final rule? The SEC was forced to delay their final rule after it became apparent the rule would be difficult to implement and that some rule-making flexibility was required. The authorizing legislation doesnÂ’t allow the SEC much wiggle-room and that has frustrated companies and slowed regulators. Here are some key issues that the SEC is still pondering: Manufacturer supply chain issues. Companies want the S...

Full article: http://www.ebnonline.com/author.asp?section_id=1434&doc_i...

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