Federal Register: Conflict Minerals
|FINAL RULE: This page refers to the proposed rulemaking on disclosure of conflict minerals. For a summary of the final rule, click here.|
|Final Rule Issue||Effective Date||First Report Due|
|September 12, 2012||November 13, 2012||May 31, 2014|
On December 15, 2010, the U.S. Securities and Exchange Commission (SEC) held an open meeting concerning the required disclosure of the use of conflict minerals by companies under the Dodd-Frank Act. Conflict minerals are sourced from the Democratic Republic of the Congo and include cassiterite, columbite-tantalite, gold, wolframite or their derivatives.
At the meeting, the SEC discussed the need for a conflict mineral report to be filed by companies annually. Proposed rules were added to the Federal Register on December 23, 2010.<ref>SEC Proposes Specialized Disclosure of Use of Conflict Minerals Under Dodd-Frank Act. SEC. Retrieved on December 15, 2010.</ref>
On October 18, 2011, the SEC held a roundtable to discuss the issue of conflict minerals and the corresponding proposed rules. Corporate representatives from the financial services industry met alongside human rights advocates to discuss the past-due rules. Among the topics of discussion was whether or not the term "conflict mineral" should be limited to mean just tantalum, tin, tungsten and gold.<ref>SEC Announces Agenda and Panelists for Roundtable on Conflict Minerals. SEC. Retrieved on October 14, 2011.</ref><ref>SEC struggles to write ‘conflict minerals’ regulations for companies. Washington Post. Retrieved on October 18, 2011.</ref>