Wednesday, August 22, 2012

Reuters: Regulatory News: U.S. SEC voted 2-1 to approve resource extraction rule

Reuters: Regulatory News
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U.S. SEC voted 2-1 to approve resource extraction rule
Aug 22nd 2012, 16:08

WASHINGTON | Wed Aug 22, 2012 12:08pm EDT

WASHINGTON Aug 22 (Reuters) - The U.S. Securities and Exchange Commission voted 2-1 on Wednesday to adopt an anti-bribery rule that will require energy and other companies to disclose payments they make to governments.

Two members of the commission were recused on the vote, and one Republican commissioner voted against the rule, saying it fell outside the SEC's investor protection expertise.

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