Question to the Foreign, Commonwealth & Development Office:
To ask the Secretary of State for Foreign and Commonwealth Affairs, what assessment he has made of the effectiveness of the US Securities and Exchange Commission's conflict minerals disclosure rule.
The deadline for disclosure under Section 1502 of the Dodd-Frank Act was 2 June 2014. It is too soon to measure the overall effectiveness of the legislation.
We continue to encourage all relevant companies to implement the OECD due diligence guidance for responsible supply chains of minerals from conflict-affected and high-risk areas.