Regulatory Alerts2025-01-19
Regulatory Bylaw No. 29: Controls for Verifying Agency and Proxy Documents at General Assembly Meetings
The Securities and Exchange Commission issued Bylaw No. 29 to establish strict controls for verifying agency and proxy documents submitted for General Assembly meetings. The regulation mandates that proxies be submitted at least three working days prior to the meeting, requires detailed verification of shareholder identity and share ownership, and prohibits conflicts of interest for staff handling the documentation. It further specifies the legal validity of proxy forms, acceptance of foreign documents, and the procedural requirements for correcting errors or revoking proxies.
Share