Asian suppliers alert: conflict minerals disclosure requirements
On 22 August 2012, the U.S. Securities Exchange Commission (the “SEC”) adopted a final rule pursuant to the directives of the 2010 Dodd-Frank Act compelling certain companies with U.S. securities reporting obligations to assess and disclose their use of “conflict minerals,” consisting of certain metals (including tin, titanium, tungsten and gold) originating from certain targeted sources supporting conflict in the Democratic Republic of Congo (DRC) or adjoining countries.
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