SEC TO COURT: WE’RE TOO BUSY TO WRITE DISCLOSURE
Post# of 63696
Posted On: 03/31/2015 6:27:52 AM
SEC TO COURT: WE’RE TOO BUSY TO WRITE DISCLOSURE RULE
POLITICO’s Alex Guillen: “The SEC on Friday told a federal court in Massachusetts that it probably won’t propose a new Dodd-Frank rule requiring energy and mining companies to disclose payments made to foreign governments until spring 2016, pushing back its most recent estimate by another half-year at least. Oxfam America’s suit seeks to force the SEC to propose a so-called Section 1504 rule more quickly than that, but the agency told the court that it has been delayed because of “the unprecedented volume of rulemaking” required by Dodd-Frank and the JOBS Act.
“The SEC also noted that the first version it wrote was vacated by a federal judge in 2013, and argues that it is owed deference in determining how to use its "finite resources in order to fulfill its law enforcement and other competing regulatory obligations."
http://bit.ly/1G6Af6z
POLITICO’s Alex Guillen: “The SEC on Friday told a federal court in Massachusetts that it probably won’t propose a new Dodd-Frank rule requiring energy and mining companies to disclose payments made to foreign governments until spring 2016, pushing back its most recent estimate by another half-year at least. Oxfam America’s suit seeks to force the SEC to propose a so-called Section 1504 rule more quickly than that, but the agency told the court that it has been delayed because of “the unprecedented volume of rulemaking” required by Dodd-Frank and the JOBS Act.
“The SEC also noted that the first version it wrote was vacated by a federal judge in 2013, and argues that it is owed deference in determining how to use its "finite resources in order to fulfill its law enforcement and other competing regulatory obligations."
http://bit.ly/1G6Af6z
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