SEC Updates Conflict Minerals FAQ

GoldOn April 7, the U.S. Securities and Exchange Commission (SEC) updated its Dodd-Frank Wall Street Reform and Consumer Protection Act Frequently Asked Questions (FAQ) webpage with an additional nine questions pertaining to conflict minerals.

The updated document provides more information on:

  • the independent private sector audit (IPSA),
  • certain aspects of the IPSA trigger,
  • whether Reasonable Country of Origin Inquiry (RCOI) activities should be described in the Conflict Minerals Report (CMR),
  • the extent of the description of due diligence measures that is required for the CMR; and
  • the applicability of the “DRC Conflict Undeterminable” category.

Read complete FAQ.

To address the industry’s growing need for information, IPC has developed a number of tools to help companies understand the conflict minerals regulation and develop an effective conflict minerals program.

IPC’s Conflict Minerals Due Diligence Guidecovers information from who to include on a company’s conflict minerals team to what to include in a company policy statement. The guide also lays out steps for identifying and prioritizing suppliers. Due to the complexity of the electronics supply chain, it is imperative to identify key suppliers in order for them to be thoroughly vetted for conflict minerals information. This guide includes vital information on ensuring due diligence compliance is met as required by the SEC regulation.

The recently released IPC-1755, Conflict Minerals Data Exchange Standard helps suppliers and their customers effectively facilitate conflict minerals data exchange along the entire global supply chain. The standard includes easy-to-understand terms and definitions, descriptions of declaration classes, data requirements for a conflict minerals declaration and verification guidance.

For additional information on conflict minerals resources and IPC’s advocacy efforts, visit www.ipc.org/conflict-minerals.

 

Post a Comment

Required fields are marked *

*
*

%d bloggers like this: