FFC Asks SEC To Implement Transparency Rules

Friends Fiduciary joined investors commending the U.S. Securities and Exchange Commission (SEC) for its leadership in producing final rules for the implementation of Section 1504 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Section 1504). The rules reflect investors’ substantial interests in oil, gas and mining industry payment transparency; development of a public global disclosure standard; and uniform reporting obligations. The rules have been challenged and we are asking the SEC to vigorously defend and implement their carefully considered rules and to work to ensure that the rules go into effect as early as possible. These new rules benefit investors and companies by encouraging greater stability in resource-rich countries; maintaining fair, orderly and efficient markets; and facilitating capital formation. To read the full letter, click here.