Closed consultations

All the links in the following table are to documents in PDF format.

Number Date Subject
PCP2012/3 5 July 2012
Expiry of consultation period: 28 September 2012
Companies subject to the Takeover Code
PCP2012/2 5 July 2012
Expiry of consultation period: 28 September 2012
Pension scheme trustee issues
PCP2012/1 5 July 2012
Expiry of consultation period: 28 September 2012
Profit forecasts, quantified financial benefits statements, material changes in information and other amendments to the Takeover Code (see presentation)
PCP2011/1 21 March 2011
Expiry of consultation period: 27 May 2011
Review of certain aspects of the regulation of takeover bids: proposed amendments to the Takeover Code
PCP2010/2 1 June 2010
Expiry of consultation period: 27 July 2010
Review of certain aspects of the regulation of takeover bids
PCP2010/1 5 March 2010
Expiry of consultation period: 21 May 2010
Profit forecasts, asset valuations and merger benefits statements
PCP2009/3 9 December 2009
Expiry of consultation period: 29 January 2010
Amendments to Rule 5.2(c)(iii)
PCP2009/2 16 July 2009
Expiry of consultation period: 25 September 2009
Miscellaneous Code amendments
PCP2009/1 8 May 2009
Expiry of consultation period: 17 July 2009
Extending the Code’s disclosure regime
PCP2008/3 18 July 2008
Expiry of consultation period: 17 October 2008
Electronic communications, websites and information rights
PCP2008/2 18 July 2008
Expiry of consultation period: 17 October 2008
Miscellaneous Code amendments
PCP2008/1 4 March 2008
Expiry of consultation period: 6 May 2008
Competition reference periods
PCP2007/1 11 June 2007
Expiry of consultation period: 17 September 2007
Schemes of arrangement
PCP2006/1 10 February 2006
Expiry of consultation period: 10 March 2006
Miscellaneous Code amendments
PCP2005/5 18 November 2005
Expiry of consultation period: 10 February 2006
The implementation of the Takeovers Directive. Proposals relating to amendments to be made to the Takeover Code
PCP2005/4 2 November 2005
Expiry of consultation period: 27 January 2006
Proposed abolition of the Rules Governing Substantial Acquisitions of Shares
PCP2005/3 2 November 2005
Expiry of consultation period: 27 January 2006
Dealings in Derivatives and Options. Detailed proposals relating to amendments proposed to be made to the Takeover Code. Part 2: Control Issues
PCP2005/2 13 May 2005
Expiry of consultation period: 24 June 2005
Dealings in Derivatives and Options. Detailed proposals relating to amendments proposed to be made to the Takeover Code. Part 1: Disclosure Issues
PCP2005/1 7 January 2005
Expiry of consultation period: 28 February 2005
Dealings in Derivatives and Options. Outline proposals relating to amendments proposed to be made to the Takeover Code and the SARs.
PCP2004/4 10 August 2004
Expiry of consultation period: 29 October 2004
Conditions and pre-conditions. Revision proposals relating to various Rules of the Takeover Code and the SARs
PCP2004/3 17 June 2004
Expiry of consultation period: 1 October 2004
Market Related Issues. Revision proposals relating to various Rules of the Takeover Code and the SARs
PCP2004/2 25 February 2004
Expiry of consultation period: 23 April 2004
Possible offer announcements. Revision proposals relating to Rule 2.4 of the Takeover Code
PCP2004/1 25 February 2004
Expiry of consultation period: 23 April 2004
“Put up or shut up” and no intention to bid statements. Revision proposals relating to Rules 2.4, 2.8 and 35.1 of the Takeover Code
PCP15 21 July 2003
Expiry of consultation period: 1 September 2003
Offeree protection conditions. Revision proposals relating to Rule 13 of the Takeover Code
PCP14 30 April 2003
Expiry of consultation period: 11 June 2003
Minor amendments concerning disclosure of relevant share capital. Revision proposals relating to Rules 2 and 9 and Appendix 1 of the Takeover Code
PCP13 30 April 2003
Expiry of consultation period: 11 June 2003
Treasury Shares. Revision proposals relating to the definitions of the Takeover Code and the SARs and to Note 7 on Rule 21
PCP12 7 January 2003
Expiry of consultation period: 17 February 2003
Questions as to the possible amendment of Rule 31.9 and related rules. Revision proposals relating to Rules 31.5, 31.9, 32.1 and 32.2 of the Takeover Code
PCP11 26 April 2002
Expiry of consultation period: 28 June 2002
Dual listed company transactions and Frustrating action. Revision proposals relating to the definition of an offer and Rule 21.2 of the Takeover Code
PCP10 14 March 2002
Expiry of consultation period: 9 May 2002
Shareholder activism and acting in concert. Revision proposals relating to Note 2 on Rule 9 of the Takeover Code
PCP9 14 March 2002
Expiry of consultation period: 9 May 2002
Questions as to the potential concertedness of the trustees of an employee benefit trust with the board and/or a controlling shareholder. Revision proposals relating to Rule 9.1 of the Takeover Code
PCP8 4 December 2001
Expiry of consultation period: 14 January 2002
Aggregation of dealings requiring disclosure. Revision proposals relating to Note 4 on Rule 24.3 of the Takeover Code
PCP7 16 October 2001
Expiry of consultation period: 27 November 2001
Resolution of competitive situations. Revision proposals relating to Rules 31.6, 32 and 35 of the Takeover Code
PCP6 16 October 2001
Expiry of consultation period: 27 November 2001
Purchases by the offeror of shares in the offeree in exchange for securities. Revision proposals relating to Rule 11 of the Takeover Code
PCP5 5 September 2001
Expiry of consultation period: 5 October 2001
Electronic acceptances in CREST. Revision proposals relating to Rules 10 and 31.6 of the Takeover Code
PCP4 5 September 2001
Expiry of consultation period: 5 October 2001
Disclosure of side agreements relating to offer pre-conditions and conditions. Revision proposals relating to Rules 2.5, 24.2 and 26 of the Takeover Code
PCP3 5 September 2001
Expiry of consultation period: 5 October 2001
Equality of information to competing offerors. Revision proposals relating to Rule 20.2 of the Takeover Code
PCP2 5 September 2001
Expiry of consultation period: 5 October 2001
“Refresher” announcements under Rule 2.4. Revision proposals relating to Rule 2.4 of the Takeover Code
PCP1 5 September 2001
Expiry of consultation period: 5 October 2001
The dissemination of regulatory information – The FSA’s proposals and implications for the Takeover Code. Revision proposals relating to Rules 2.5, 5.4, 8 and 38.5 of the Takeover Code and SARs 3 and 5
 

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Disclosure Table

Details of offeree companies and offerors currently in an offer period. Positions and dealings in relevant securities must be disclosed under Rule 8 of the Code.

Current Table - Rule 8 Summary
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The Takeover Code

The Takeover Code is designed to ensure that shareholders are treated fairly, are not denied an opportunity to decide on the merits of a takeover and are afforded equivalent treatment by an offeror. It provides an orderly framework within which takeovers are conducted.
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Statements by the Panel

Download Statements, Practice Statements and Annual Reports published by the Takeover Panel.

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Company announcements

Where to find statements and disclosures notified to a Regulatory Information Service in relation to takeovers regulated by the Takeover Panel.

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