Board Resolution Acknowledging New Regulations

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Phone: {{phone}} | Email: {{email}} | Web: {{website}}

Board Resolution Acknowledging New Regulations

Board Resolution Acknowledging New Regulations

{{company_name}} {{company_address}} Phone: {{phone}} Email: {{email}} Website: {{website}}

BOARD RESOLUTION

**RESOLUTION NUMBER:** {{resolution_number}}

**DATE:** {{date}}

**SUBJECT:** Acknowledgement and Compliance with New Regulations

WHEREAS

The Board of Directors (the 'Board') of {{company_name}} (the 'Company') has been notified of new regulations/laws/directives issued by {{regulatory_body_name}} on {{effective_date_of_regulations}}, titled '{{regulation_title}}' (the 'New Regulations'); and

The Board acknowledges its fiduciary duty to ensure the Company's full compliance with all applicable laws and regulations; and

The New Regulations have significant implications for the Company's operations, financial reporting, and/or governance practices.

RESOLVED, THAT

The Board hereby acknowledges receipt and understanding of the New Regulations, specifically {{cite_relevant_sections_of_regulations}}.

The Board directs the management of the Company to take all necessary steps to ensure full and timely compliance with the New Regulations.

The Board authorizes {{responsible_officer_name}} ({{responsible_officer_title}}) to develop and implement a detailed compliance plan, including but not limited to, reviewing existing policies and procedures, implementing new controls, and providing training to relevant employees.

Management shall provide regular updates to the Board on the progress of compliance efforts, with the first update due by {{first_update_due_date}}.

FURTHER RESOLVED, THAT

Any expenses reasonably incurred in achieving compliance with the New Regulations, as approved by the Chief Financial Officer, are hereby authorized.

This resolution shall be recorded in the Company's official minute book and a copy shall be provided to {{relevant_departments_or_individuals}}.

CERTIFICATION

I, the undersigned, Corporate Secretary of {{company_name}}, do hereby certify that the foregoing is a true and accurate copy of a resolution duly adopted by the Board of Directors of {{company_name}} at a meeting held on {{date_of_meeting}}, at which a quorum was present and acting throughout, and that such resolution is in full force and effect without modification as of the date hereof.

IN WITNESS WHEREOF

I have hereunto set my hand and affixed the seal of the Company this {{day}} day of {{month}}, {{year}}.

_____________________________ {{secretary_name}} Corporate Secretary {{company_name}}