SEC Issues Partial Stay Of Conflict Minerals Rules

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Shearman & Sterling LLP

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The SEC issued an order staying the effective date for compliance with portions of Exchange Act Rule 13p-1 and Form SD.
United States Corporate/Commercial Law

On 2 May 2014, the Securities and Exchange Commission ("SEC") issued an order staying the effective date for compliance with the portions of Exchange Act Rule 13p-1 and Form SD that would require statements by issuers that the Court of Appeals held would violate the First Amendment. In its order, the SEC denied the motion filed by the National Association of Manufacturers, Chamber of Commerce, and Business Roundtable for a stay of the entire rule.

The full text of the SEC order of partial stay is available at: http://www.sec.gov/rules/other/2014/34-72079.pdf.

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