OGJ Newsletter

02/07/2011
GENERAL INTEREST — Quick TakesAPI: SEC disclosure proposal poses problemsThe US Security and Exchange Commission's proposed rule to require resource extraction companies to disclose payments to the US and foreign governments could create competitive problems for US-listed companies, the American Petroleum Institute said in a comment it filed with the SEC.Section 1504 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which became law in December, added a section to the 1934 Securities Act calling for the SEC to issue rules requiring resource extraction issuers to include in an annual report any payments made by the issuer, or by a subsidiary or other entity controlled...
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