Regulatory Alerts2021-02-04
AMF Notice on Annual Meeting Obligations for Québec Insurers, Deposit Institutions and Trust Companies
The Autorité des marchés financiers requires Québec insurers, deposit institutions, and trust companies to hold annual meetings in accordance with their constituting legislation, by-laws, and current public health guidelines. When corporate by-laws do not explicitly permit virtual gatherings, Ministerial Order 2020-029 authorizes these entities to conduct in-person assemblies and secret ballots using immediate or mutually agreed communication technologies. This regulatory flexibility remains enforceable throughout the duration of the COVID-19 public health emergency.
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