Thursday, 4 April 2019

UK: Takeover Panel Instrument - The UK's Withdrawal from the EU

Last month, the Takeover Panel Code Committee published Response Statement 2018/2: The UK's withdrawal from the EU (here, pdf), explaining the Committee's proposed changes to the City Code on Takeovers and Mergers. At that time, the Instrument making these amendments had not been made. It has now been made - see here (pdf) - and the changes within it will take effect on exit day* should the UK leave the EU without a withdrawal agreement including a transition period.

* - Exit day

See Section 20 of the European Union (Withdrawal) Act 2018.

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