Regulatory Alerts2017-01-23
Added · Updated
SRO 33 (I)/2017 (Amendments in Companies (E-Voting) Regulations, 2016)
The Securities and Exchange Commission of Pakistan amends the Companies (E-Voting) Regulations, 2016 to define authentication as email and SMS code verification and extend applicability to meetings held on or after June 30, 2017. The amendments establish strict eligibility criteria for intermediaries, requiring secure web portals, ISO certification, penetration testing, and background checks for directors and employees. Specific technical mandates include encrypted passwords, CAPTCHA mechanisms, HTTPS protocols, and comprehensive activity logging, while removing previous provisions regarding minimum member thresholds and sub-regulation 3 of regulation 4.
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