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ARTICLE · 26 JANUARY 2011

SEC Proposes Rules to Implement the Dodd-Frank Act’s Mine Safety Disclosure Requirements

The Securities and Exchange Commission (SEC) recently published for public comment proposed rules to implement Section 1503 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

United StatesFinance and Banking

The Securities and Exchange Commission (SEC) recently published for public comment proposed rules to implement Section 1503 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The provisions of Section 1503 are currently in effect and require SEC reporting issuers that are operators (or that have a subsidiary that is an operator) of a coal or other mine to:

  • disclose in each periodic report certain mine safety violations, citations and orders and related matters for each coal or other mine that they operate; and
  • file a current report on Form 8-K to disclose the receipt of certain orders and notices from the U.S. Labor Department's Mine Safety and Health Administration (MSHA) related to a coal or other mine that they operate.

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