Trending on TimetoPlayMag.com: Preschool Toys
TimetoPlayMag.com is showcasing what’s trending in each specific product category. Today it’s PRESCHOOL TOYS. This trending list is determined by consumers. It’s the number of page views for that item in the previous 30 days and is updated every 24 hours.
Industry Associations Join Forces to Address Conflict Minerals Compliance
Seven of the world’s largest industry associations collaborate with Source Intelligence and Schulte Roth & Zabel LLP to launch the first cross-industry training and resource center, addressing the Securities and Exchange Commission’s (SEC) Conflict Minerals compliance regulation. Source Intelligence has developed the Conflict Minerals Resource Center (CMRC) to support more than 15,000 member companies who collectively generate more than $3 trillion in GDP and hundreds of thousands of U.S. jobs.
Key representatives from the American Apparel & Footwear Association (AAFA), the Fashion Jewelry and Accessories Trade Association (FJATA), the National Association of Manufacturers (NAM), the National Electrical Manufacturers Association (NEMA), the National Retail Federation (NRF), the Toy Industry Association (TIA), and the United States Fashion Industry Association (USFIA) worked with Source Intelligence and Schulte Roth & Zabel to align training and resource center priorities to provide member companies with the information they need to comply with the SEC regulation.
The goal of the joint initiative is to deploy easy-to-use Conflict Minerals compliance tools across the seven industry associations. By providing the member companies and their vendors and contractors with the information and resources needed to meet the compliance requirements, all players along the supply chain can spend less time navigating policy, and more time producing the products and services that generate economic growth and jobs.
These tools will help companies understand the complicated requirements of the regulation, recognizing that it is the responsibility of individual companies to identify their specific compliance obligations and handle the real challenges that remain as they design their own programs.
On August 22, 2012, the SEC adopted a final rule to implement Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank). The rule requires publicly-held companies to disclose whether their products contain conflict minerals as defined by the law: tin, tantalum, tungsten, or gold (3TG) originating from the Democratic Republic of the Congo (DRC) and specific adjoining countries.
The first report, covering calendar year 2013, is due to the SEC by May 31, 2014. The SEC and Government Accountability Office estimate that approximately 6,000 issuers and 280,000 non-issuer companies will be directly or indirectly impacted by the rule.
Access the conflict minerals training and resource center by registering today at conflictmineralsresources.com.