- Title
- Future Trends in the International Reporting Codes based on SEC’s Regulations SK-1300
- Creator
- Rupprecht, S. M.
- Subject
- SEC, 1300 of Regulation S - K, International Reporting Codes
- Date
- 2020
- Type
- Article
- Identifier
- http://hdl.handle.net/10210/463809
- Identifier
- uj:41406
- Identifier
- Citation: Rupprecht, S.M. 2020. Future Trends in the International Reporting Codes based on SEC’s Regulations SK-1300.
- Description
- Abstract: In June 2016, the Securities and Exchange Commission (SEC) ‘proposed revision to its disclosure requirements related guidance under the Securities Act and Exchange Act for properties owned or operated by mining companies’ (SEC, 2018:5). On October 31, 2018, the SEC released its adopted final rules for property disclosures for mining registrants - Modernization of Property Disclosures for Mining Registrants.’ The amendments intend to provide investors with a more comprehensive understanding of a registrant’s mining properties, which should help them make more informed investment decisions’ (SEC, 2018:5). The new rules replace the SEC’s Industry Guide 7 as of January 1, 2021. This paper investigates how the new subpart 1300 of Regulation S-K may affect future updates to the Committee for Mineral Reserves International Reporting Standards (CRIRSCO) International Reporting Template, as well as International Reporting Codes. Critical changes such as the reporting of Mineral Resources exclusive of Mineral Reserves is discussed, the impact of third-party reporting regarding reducing Section 11 liability is considered, as is the trend of utilising multiple qualified persons in technical reports. This paper highlights areas that the CRIRSCO and International Reporting Codes that may require consideration by Qualified and Competent Persons providing technical report summaries and Competent Persons Reports (CPRs).
- Language
- English
- Rights
- @2020. authors
- Full Text
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