No More SEC Resource Extraction Rule — For Now

Law360, New York (July 18, 2013, 4:10 PM EDT) -- On July 2, the U.S. District Court for the District of Columbia determined that the U.S. Securities and Exchange Commission's resource extraction rule, which the commission adopted under Section 1504 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, is in part “arbitrary and capricious” and vacated the rule.

Rule 13q-1, as written, required “resource extraction issuers,” — entities involved in the “commercial development” of oil, gas and minerals — to provide information in annual reports about the type and total amount of payments made...
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