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criteria after the entry into force of the Regulation must build a website
within three months. Companies shall allocate a section of their website
to announcements that must be made pursuant to the law.
The issues to be announced on the website must be posted on the
websitewithin the period of time set out in the relevant legislation. If no such
specific period of announcement has been set forth, then announcement
shall be made within five days following either the realization of the
relevant event, the registration with the trade registry or the announcement
in cases where registration and announcement are required in order for the
relevant transaction to become valid. Previously known information and
issues must be included within the website immediately.
Companies may use central database service providers, who are
private law entities operating under the official authorization of the
Ministry of Custom and Trade, to organize their website and keep the
content (to which access must be allowed via secure mediums) available
for the company to access and archive. However, this is not an obligation.
Pursuant to the Capital Markets Law, such services shall be provided by
the Central Registry Agency for companies with shares registered with
them.
Content of the Website
The content which may be included within the website is not limited.
The provisions aim to increase transparency and there are no restrictions
with respect to the documents, reports, calls for meetings, tables and other
information which may be published. However, there are certain issues
which are required to be announced according to the Regulation.
Permanent Content
The content to be included within the website has been categorized
with respect to the amount of time it must remain on the website.
Information regarding the company’s title, address, paid and unpaid
capital and the members of the management body (that is to say members
of the board of directors for joint stock companies and managers for
limited liability companies), as well as the auditor must be kept available
for access at all times.