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The U.S. SEC proposed rules last week that would require domestic and foreign issuers that must file annual reports with the SEC and that engage in the commercial development of oil, natural gas, or minerals, to disclose certain payments made to the U.S. and foreign governments.
The U.S. SEC proposed rules last
week that would require domestic and foreign issuers that must file
annual reports with the SEC and that engage in the commercial
development of oil, natural gas, or minerals, to disclose certain
payments made to the U.S. and foreign governments. The types of
payments that would have to be disclosed include taxes, royalties,
fees and bonuses. The proposed rules stem from Dodd-Frank
amendments to the Securities Exchange Act of
1934. The SEC is accepting comments on the
proposed rules until January 31, 2011.
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