The Reports on Payments to Governments Regulations 2014 Industry Guidance

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IOGP Report 535

This guidance has been developed to help companies engaged in oil and gas, mining and logging of primary forest activities meet the requirements of the UK Regulations.

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Description

IOGP Report 535

In order to provide for enhanced transparency of payments made to governments, the Reports on Payments to Governments Regulations 2014, as amended by the Reports on Payments to Governments (Amendment) Regulations 2015 (‘the UK Regulations’) require certain entities which are active in the extractive industry or logging of primary forests to disclose material payments made to governments in the countries in which they operate in a separate report, on an annual basis.

A primary goal of the UK Regulations is to help empower citizens of those resource-rich countries to hold their governments accountable for the wealth generated by those resources.

This guidance has been developed to help companies engaged in oil and gas, mining and logging of primary forest activities meet the requirements of the UK Regulations. The guidance is not intended to provide binding rules for such companies, nor does it address specific national or sector level matters that may be the subject of other guidance documents.

This guidance document has been subject to stakeholder engagement and has been reviewed by the Department of Business, Innovation and Skills. Stakeholder comments have received due consideration and, where accepted, are included in this guidance.

Included:

  • Schema step by step instructions (updated Sept 2016)
  • Supplement to the main report

Additional information

Theme

Topic

Transparency

Report Number

535

Document type

Report

Publication Date

2016