The SEC announced today that it will hold an open meeting on Wednesday, August 22nd at 10:00am to discuss whether to:

  • adopt rules regarding disclosure and reporting obligations with respect to the use of conflict minerals, as required under Dodd-Frank;
  • adopt rules regarding disclosure and reporting obligations with respect to payments to governments made by resource extraction issuers, as required under Dodd-Frank; and
  • consider rules to eliminate the prohibition against general solicitation and general advertising in securities offerings conducted pursuant to Rule 506 of Regulation D or Rule 144A under the Securities Act, as mandated by the JOBS Act.

The Commission’s announcement today, which provides a longer notice period than is typically given for open meetings, may address some of the recent public inquiries about the Commission’s timetable for acting on these statutory mandates.  For more information on the SEC rulemaking progress, see our most recent Dodd-Frank Progress Report.

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