New rules of CMF on participation and remote voting in meetings and assemblies
Legal Updates | March 20, 2020
General Norm No. 435 and Circular Letter No. 1,141
In order to facilitate the use of technological means and remote mechanisms for certain entities subject to its supervision and in the context of the expansion of the COVID-19 virus, declared a global pandemic, the Financial Market Commission (CMF) issued on March 18th of this year the following provisions:
(i) General Norm No. 435 (“NCG 435”), which regulates participation and remote voting mechanisms for shareholders ‘meetings, bondholders’ meetings and fund-raising meetings;
(ii) Circular Letter No. 1,141 (“OC 1,141”), which refers to certain practical aspects regarding the provisions of NCG 435.
For more information we invite you to review the following documents (Spanish only):