1. Have Questions about Resource Extraction Payments? The SEC Has Answers…

    From Stephen Quinlivan at law firm Leonard, Street and Deinard:

    “The SEC has issued nine frequently asked questions, or FAQs, on the disclosure of payments by resource extraction issuers.

    Guidance offered by the FAQs includes:

    • Failure to timely file a Form SD regarding payments by resource extraction issuers will not cause an issuer to lose eligibility to use Form S-3.
    • Holding companies that have subsidiaries which engage in commercial development of oil, natural gas or minerals are covered by the rules, even if the holding company does not itself engage in those activities…”

    Read the full update, SEC Issues FAQs On Disclosure Of Payments By Resource Extraction Issuers - Leonard, Street and Deinard»

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