Regulatory Alerts2020-05-27
Requirements for Convening and Conducting Virtual General Meetings by Issuers of Securities to the Public
Issuers facing practical difficulties in holding in-person general meetings due to Covid-19 restrictions may conduct virtual or hybrid meetings, provided they obtain a No Objection from the Capital Markets Authority. Applications must demonstrate strict compliance with requirements concerning secure registration, transparent voting, shareholder engagement, and system reliability to protect shareholder rights. The Authority will process requests within fourteen days, after which issuers may issue the statutory twenty-one-day meeting notice.
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