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National Securities and Stock Market Commission obliges JSCs to hold annual meetings remotely until late 2022
KYIV. Sept 21 (Interfax-Ukraine) – The National Securities and Stock Market Commission of Ukraine has obliged joint-stock companies (JSC) and corporate investment funds (CIF) to hold annual general meetings by December 31 of this year remotely, according to a statement on the Commission’s website on Tuesday.
According to regulator decision No. 1183 dated September 19, if it is impossible to hold a general meeting due to the company’s location in the territories temporarily occupied by the Russian Federation, the meetings must be held within 90 days after the end of martial law.
Also, according to the decision of the National Securities and Stock Market Commission, if the term of office of the governing bodies of a JSC or CIF expires during martial law, the powers may be continued until the date of election of new management bodies at general meetings. The corresponding permission also applies to the powers of companies to manage CIF assets.
The decision came into force on September 20, 2022.
