Regulatory Alerts2020-05-27
Requirements for Convening and Conducting Virtual General Meetings by Issuers
The Capital Markets Authority allows issuers to hold virtual or hybrid general meetings if in-person gatherings are impractical due to COVID-19 mandates, provided they obtain a No Objection. Issuers must submit a detailed application demonstrating compliance with specific technological, procedural, and transparency requirements, including robust shareholder communication and secure voting systems. The Authority will evaluate these applications within 14 days to ensure that minority shareholder rights and regulatory standards are upheld.
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