Corporate And Financial Weekly Digest - August 17, 2012

Edited by Robert L. Kohl and David A. Pentlow

SEC/CORPORATE

New Disclosure Requirements Imposed in Connection with Iran Sanctions

On August 10, President Obama signed into law the Iran Threat Reduction and Syria Human Rights Act of 2012 (the Act), which expands and establishes additional sanctions with respect to Iran, including sanctions relating to energy, development of weapons of mass destruction, certain activities of financial institutions, and human rights abuses. In addition to an increase in sanctions, the Act includes new mandatory disclosure requirements under the Securities Exchange Act of 1934 (the Exchange Act).

The Act amends the Exchange Act to require issuers that are required to file annual or quarterly reports under Section 13 to make additional disclosures with respect to certain activities relating to Iran. Issuers must disclose whether, during the period covered by the report, they or any of their affiliates knowingly: