The regulator’s meeting has been already held
At the scheduled regulator’s meeting held on March 24, 2014 the National Securities & Stock Market Commission approved a draft resolution on changes to the procedure for overseeing the registration of shareholders and the shareholders’ general meeting, voting and summing up the outcomes of general meetings of joint-stock companies.
«Above all, this document has been developed with the purpose of bringing the procedure to conformity with the existing law On Depositary System in Ukraine. We have improved the procedure designed to monitor the way the general meetings of joint stock companies are conducted as well as check registration alignment. We hope this initiative of the Commission in the field of government control will prove efficient for both the share market and its regulator, - imparted Oleg Misyura, Director of Enforcement & Compliance at the NSSMCU.
Mr. Misyura added that the Commission entered a few alterations to the clause specifying the oversight over the procedure for conducting general meetings of joint stock companies, in particular, in regard to the requirements set out in the norms and regulations the minutes will be signed on the day of inspection carried out by the task force, moreover, all requisite documents should be handed over to the representatives of the Commission within three business days of the date of inspection; if the applicable stipulation is not met, this can give grounds for making an unplanned check of the joint stock company.
