Rule 13q-1 under the Securities Exchange Act of 1934, adopted by the SEC in August 2012 as part of the Dodd‐Frank mandate, was vacated by the U.S. District Court for the District of Columbia on July 2nd, 2013. The rule, which imposed annual reporting requirements on “resource extraction issuers” relating to payments made to a foreign government or to the U.S. federal government in connection with the commercial development of oil, natural gas or minerals, is now void and the SEC must either propose a new rule or appeal the decision. A court decision on the conflict minerals rule is expected shortly.

We invite our readers to read the GT AlertU.S. District Court Vacates SEC Rule on Extractive Industries Disclosure Requirements; Issuers Await Decision on Conflict Minerals Rule prepconflict mineralsared by Barbara A. Jones.