Regulatory Alerts2023-01-15
CBI Regulations on Agency and Proxy Verification for General Assembly Meetings
The Capital Markets Authority issued regulations in 2021, effective 30 days later, governing the submission and verification of proxy documents for Iraqi company general assembly meetings. The rules mandate that proxies be submitted at least three business days prior to the meeting, accompanied by specific shareholder records and supporting evidence depending on the company's listing status. The document establishes strict protocols for clerical error correction, prohibits conflicts of interest for verifying staff, and defines the legal validity and acceptance criteria for domestic and international proxy instruments.
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