Regulatory Alerts2023-02-14
Regulatory Article No. 11: Submission of Electronic Financial Data with Appendix No. 7
The Securities Commission issued Regulatory Article No. 11 to mandate the electronic submission of financial data by companies in PDF or JPG formats via email. The regulation establishes strict protocols for authentication, requiring authorized signatures, password-protected email addresses, and formal acknowledgment receipts to validate submissions. It further delineates liability for data misuse, designating the company as responsible for unauthorized access while holding the Inspection and Supervision Department accountable for internal employee misconduct.
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