Financial Transparency Coalition

Delaying Release of Final Rules on Extractive Industries Disclosure Law Will Hurt Developing Countries, Could Weaken Enforcement The Securities and Exchange Commission (SEC) announced in April that the final rules for Section 1504 of the Dodd-Frank Wall Street Reform and Consumer Protection act could be delayed until sometime between August and December 2011, at the earliest.  Once enacted, Section 1504 would require companies operating in the oil, gas and mining industries (the extractive industries) that have to report to the SEC, which includes—at a minimum—all such companies listed on U.S. stock exchanges, to report payments made to the...