February 20, 2017

MSCI Members Reminded To Submit Comments On Conflict Minerals Rule Before March 17

As a reminder, earlier this month, Acting U.S. Securities and Exchange Commission (SEC) Chairman Michael S. Piwowar released a public statement where he directed SEC staff to consider whether 2014 guidance on the commission’s conflict minerals rule is still appropriate, and whether any additional relief is appropriate while the SEC determines the answer to that question. 

The acting chairman also requested public comments on all aspects of the regulation and guidance. Those comments must be submitted before Friday, March 17 (within 45 days of the acting chairman’s statement). MSCI encourages its members to submit comments opposing this rule. They can do so on their own by following this link and clicking on the words “submit detailed comments” near the bottom of the page. 

MSCI believes this rule has imposed huge costs on businesses in the industrial metals supply chain without improving the lives of the men and women living and working in conflict areas as it was meant to do. To learn more, visit MSCI’s advocacy page. Additionally, MSCI’s partners at the National Association of Wholesalers and the Coalition for a Democratic Workplace have filed comments that reflect MSCI’s position on this issue. Click here to read those comments.