Cost-effective Conflict Mineral Compliance
Conflict Minerals Compliance, popularly known as 3TG Compliance, has become a major challenge for companies who are SEC listed. Submitting Form SD is mandatory for SEC-listed companies. The process of compliance requires a lot of effort to complete the Reasonable Country of Origin Inquiry (RCOI) and implement the due diligence mechanism within the company.
Sunstream has a great track record of providing conflict mineral compliance. We will take up the responsibility of collecting the CMRT (Conflict Minerals Reporting Template) from your suppliers. Our team will also validate the smelter data and ensure that it is reported with 100% transparency and accuracy.
Our consultants have helped companies with Conflict Minerals Compliance and have enough knowledge and expertise to help you tide over the compliance process smoothly.
Our conflict minerals services support
- Compliance consulting.
- Due diligence implementation.
- RCOI support and CMRT (Conflict Minerals Reporting Template) collection.
- Supplier Training.
- Smelter Red flag identification & resolution.
- Selection & implementation of conflict minerals tool.
- Meet the requirements Of US SEC filing With Our Conflict Minerals Reporting.
How Sunstream helps you with Conflict Mineral Compliance?
Conflict minerals include Tin, Tantalum, Tungsten and Gold popularly known as 3TG. Companies who use these metals produced in DRC (Democratic Republic of Congo) or elsewhere need to declare it in their annual statement to SEC.
There are three steps in this compliance procedure. The first two stages will influence the need for the final step. In most cases, companies would need the support of their suppliers in order to gain the information required to satisfy the obligations under this regulation. It can drastically slow down the Conflict Minerals Compliance process.
Time and resources in a company are very crucial in determining its success. Therefore, Sunstream helps an organization with compliance in a timely manner. We have earned a lot of experience by working with many clients across industries. It has equipped our consultants with all the experience needed to provide accurate and reliable services in Conflict minerals, REACH, and RoHS Compliance. We will make the process simple and save a lot of time and resources for our clients.
Which companies will be covered under this regulation?
The conflict minerals supply chain involves a lot of players who participate in the supply chain of the material from a raw form to a finished product. Those who extract minerals from the site and process them become the upstream companies. On the other hand, the companies that further refine the materials into a finished product and deliver it to the final consumer are the downstream companies.
Conflict mineral compliance will apply to all companies those file a report to US SEC under Sections 13(a) and 15(d) of the Exchange Act. Companies which are not mandated to file a report to SEC will also get affected if any of their customers in their supply chain is affected by the law and need information from them to file the report.
The framework of the Compliance procedure
Are the company’s products covered in the act?
Conflict Minerals Compliance starts by assessing whether the company’s products and activities come within the purview of this regulation. Our consultants will start observing the products manufactured or bought by the company that have any one of the conflict materials. If a product within the scope of the law is found, then we will inquire whether it is vital for the functioning or the production of the product. In case it is not, then the company would not be obliged to file Form SD or perform additional procedures under this regulation.
Reasonable Country of Origin
The next step would be to ascertain if the minerals came from the DRC or any other covered countries. In this step, our consultants will help you prepare all the documentation and filings as required in the Conflict Minerals Compliance
Exercising Due Diligence and Conflict Mineral Reporting
Sunstream will help you with implementing due diligence on the origin and chain of custody pertaining to Conflict minerals. Our experts will sort out all the procedures and render transparent services to our clients.
We will make Conflict minerals, RoHS, and REACH Compliance easy for you. The entire process will be performed with keen attention to detail and our consultants will ensure that you face the least inconvenience while complying with all the norms.
Consult our experts today!