FRA regulates online meetings of investment funds’ policyholders

Updated 12/3/2023 2:05:00 PM
FRA regulates online meetings of investment funds’ policyholders

Arab Finance: The Financial Regulatory Authority (FRA) has issued a decision on controlling the digital systems used in online meetings and remote voting of investment funds’ policyholders, the FRA stated on December 3rd.

The decision includes a number of rules and requirements needed for using digital systems.

As per the decision, investment funds shall record the meeting minutes via digital media, to be attached to the documents authenticating the minutes.

The move is part of the authority’s efforts to protect investors’ rights.

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