The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.

UK Takeover Panel confident about EU directive implementation

The Takeover Panel, the body that oversees M&A in the UK, has welcomed the British government's proposals for implementing the European Directive on Takeover Bids, saying it is confident that the legislation will not compromise its independence and efficiency. While the directive requires the implementation of a statutory framework, the UK government insisted it is keen to preserve the panel's authority and independence.

Takeover Panel chairman Peter Scott said: ?The proposals are firmly based upon the independence of the panel and will enable us to maintain the constructive working relationship between the panel and its regulated community in the interests in the interests of shareholders and markets.

?We are confident that the way the panel works and its day-to-day relationship with its regulated community will be largely unaffected,? he added.

The European Directive on Takeover Bids came into force in May 2004 and must be implemented by EU member states by May 2006. It aims to set minimum standards across the EU for the regulation of takeover bids.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree