Earlier this month, the U.S. Securities and Exchange Commission announced the adoption of rules requiring resource extraction issuers to disclose information relating to payments made to the U.S. Government or a foreign government for the purpose of the commercial development of oil, natural gas or minerals. The rules, which are mandated by the Dodd-Frank Act, are intended to enhance the transparency of payments made by resource companies and “help empower citizens of those resource-rich countries to hold their governments accountable for the wealth generated by those resources”.