Panel on Takeovers and Mergers Consultation Paper

Before it introduces or amends any Rules of the Takeover Code (“the Code”) or the Rules Governing Substantial Acquisitions of Shares (“the SARs”), the Code Committee of the Takeover Panel (“the Code Committee”) is normally required under its consultation procedures to publish the proposed Rules and amendments for public consultation and to consider the responses arising from the public consultation process. In this case, the Code Committee is publishing in this Consultation Paper the framework for the proposed amendments with a view to publishing a further Consultation Paper in due course setting out in detail the proposed amendments to the Code and the SARs.

The Code Committee is inviting comments.

See Report in pdf format.