On June 27, 2016, the Securities and Exchange Commission (SEC) announced its adoption of rules which will require resource extraction issuers to disclose payments that are not de minimis made to governments for the commercial development of oil, natural gas, or minerals.

This includes payments made to the United States federal government as well as foreign governments.  The disclosures will appear in Form SD, which will be required to be filed annually within 150 days of the issuer’s fiscal year end beginning with fiscal years ending after S...


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