SEC Approves Scaled-Back Disclosure Rule for Energy, Mining Companies
The U.S. Securities and Commission approved a third version of a rule mandating the disclosure of information about payments made by oil, gas and mining companies to foreign governments. The latest version of the rule, approved with a 3-2 vote, attempts to ease the compliance burden it will impose on resource extraction companies while implementing a provision of the Dodd-Frank Act that was supposed to bring greater transparency to corruption-prone industries...
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