Calling For Clarity On Conflict Metals

Law360, New York (March 2, 2011, 12:23 PM EST) -- The 2006 film “Blood Diamond,” starring Leonardo DiCaprio, popularized international concerns about the role of gemstones in financing brutal warlord conflicts in central African countries.

Four years later, while transforming regulation of the nation’s financial institutions, Congress inserted in the Dodd-Frank Wall Street Reform and Consumer Protection Act a sweeping provision that requires publicly traded companies to disclose in their U.S. Securities and Exchange Commission filings whether their products contain “conflict minerals.”

Essentially, it is a “name and shame” scheme, providing investors with information about which...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.