Regulatory Alerts2025-01-22
Ministerial Decree Approving COSOB Regulation No. 25-01 on Remote Electronic Attendance and Voting at General Assemblies of Listed Companies
The Algerian Minister of Finance approved COSOB Regulation No. 25-01, which establishes the legal framework and technical requirements for remote electronic attendance and voting at general assemblies of listed companies. The regulation mandates that such systems be hosted in Algeria, secured through encryption and independent audits, and integrated with physical voting results while ensuring strict data protection and shareholder authentication. It further defines procedural obligations for companies, including notification timelines, complaint handling, and penalties for infractions such as data misuse or system tampering.
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