Assent Compliance offers a turnkey Conflict Mineral Services including Conflict Minerals Scope Assessments, Conflict Minerals Reasonable Country of Origin Inquiry, Conflict Minerals Reports,and Conflict Minerals Software for reviewable business records.
Assent Compliance has been involved deeply with the Conflict Minerals including individual meetings with SEC Commissioners and Panel discussions.
Assent Compliance’s experience and wide range of Conflict Minerals services allow us to customize a solution that is right for your business.
Conflict Minerals SEC Dodd Frank Section 1502 Overview
Section 1502 of the Dodd-Frank Act was signed into law on July 21, 2010. SEC Issuers must provide disclosure under Conflict Mineral Provision if “Conflict Minerals are necessary to the functionality or production of a product manufactured”
Conflict Minerals (3TGs):
Tin
Tungsten
Tantalum
Gold
Issuers meeting the criteria above must attempt to determine the origin of these minerals using a process referred to by the SEC as a “Reasonable Country of Origin Inquiry”. Depending on the results of this inquiry a further submission to the SEC may be required called a Conflict Minerals Report. This report must be audited by an independent 3rd party.
All of the information and processes above must also be made available on the Issuers website for the public.
The risks posed to a business from Conflict Mineral requirements are significantly higher than regulations such as REACH and RoHS due to the submission of all information directly to the SEC and the disclosure of all compliance information to the public via a company’s website.