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US SEC votes to relax requirements on ' 'resource extraction' disclosure

17th December 2020

By: Reuters

  

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WASHINGTON – The US Securities and Exchange Commission on Wednesday voted to relax disclosure requirements on payments made by oil, gas and mining companies to foreign governments.

The agency's 3-2 vote to adopt industry-friendly changes to its so-called "resources extraction" disclosure rule addresses a decade-long, controversial Dodd-Frank mandate on how to spot potential corruption by firms.

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Edited by Reuters

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