The Companies Act 2006 (Extension of Takeover Panel Provisions) (Isle of Man) Order 2008 has been published on OPSI and will come into force on 1 March 2009. Its purpose is to give the UK Takeover Panel the ability to exercise its statutory powers with regard to the Isle of Man (one of the Crown dependencies) by applying Chapter 1 of Part 28 of the Companies Act (2006) to the Isle of Man. The Order also makes some amendments to the Financial Services Act 2008 (an Act of Tynwald, the Isle of Man Parliament). It was made under Section 965 of the Companies Act (2006) which gave the Queen the power to extend Chapter 1 to the Isle of Man or any of the Channel Islands.
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