In April 2017 the acting SEC Acting Chairman recommended a “no enforcement” action regarding filing Conflict Minerals Reports (CMR).

Even though the acting chairman is recommending the no-enforcement action, this does not currently change the law or legal conclusion to the rule and all the legal requirement still stand for issuers under the rule, including the obligation to file the CMR and perform all steps according to the rulet. Some issuers may have scaled back their Conflict Minerals Reports or programs based on this no enforcement action however the law itself and its requirements have not changed.  

Some interesting news stories regarding the “no enforcement” action are below: