The IPC has released a guide to help manufacturers manage compliance with the new US SEC’s conflict minerals regulations, Circuits Assembly reported yesterday.
The 356-page SEC rule was finalised earlier this year.
The seven-page downloadable document, entitled “Summary of the Final SEC Rules on Conflict Minerals,” includes a simplified explanation of the compliance process:
• A company must determine whether it is subject to conflict minerals requirements;
• If yes, the company must conduct a reasonable country of origin inquiry to determine if the “necessary conflict minerals” used originated in the covered countries or are from recycled or scrap materials; and
• If a company determines, or has reason to believe, that the conflict minerals originated in the covered countries and are not, or may not be, from recycled scrap sources, it must exercise due diligence on the source and chain of custody of conflict minerals and may need to provide a conflict minerals report (CMR).
Additional points include information on “phase-in” period implementation, audit standards and objectives, definitions of terms, conflict minerals report content and disclosure requirements.
The guide can be downloaded from the IPC website here.