KPMG report: SEC rules on extraction industry payments | KPMG | US
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KPMG report: SEC rules on extraction industry payments

KPMG report: SEC rules on extraction industry payments

The U.S. Securities and Exchange Commission (SEC) has new rules requiring resource extraction companies to disclose payments, or a series of payments, over $100,000 made to governments related to the exploration and development of oil, natural gas, or mineral resources. However, the SEC’s final rules provide some relief to address concerns.


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Companies will not need to comply with the new rules until 2018; however, companies need to begin preparing for the disclosures, including asking the SEC for an exemption if local law prohibits the disclosures.


Read an August 2016 report prepared by KPMG LLP: Defining Issues: Companies Face New Rules on Extraction Industry Payments

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