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ARTICLE · 31 AUGUST 2012

New Iran Sanctions Legislation Imposes SEC Disclosure Requirement

On August 10, 2012, President Obama signed into law the Iran Threat Reduction and Syria Human Rights Act of 2012 (ITRA).

United StatesGovernment, Public Sector

On August 10, 2012, President Obama signed into law the Iran Threat Reduction and Syria Human Rights Act of 2012 (ITRA).1 While the ITRA, among other things, expands sanctions against Iran, Section 219 of the ITRA amends the Securities Exchange Act of 1934 (Exchange Act) to require public companies to provide disclosure of certain Iran-related activities in their annual and quarterly reports filed after February 6, 2013.

This client alert summarizes Section 219 of the ITRA and provides practical considerations for issuers to consider.

Disclosure Requirement

Subject issuers. Each issuer required to file annual or quarterly reports under Section 13(a) of the Exchange Act must comply with the new disclosure requirement.

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