The Panel on Takeovers and Mergers (the "Panel") is an independent body, established in 1968, whose main functions are to issue and administer the City Code on Takeovers and Mergers and to supervise and regulate takeovers and other matters to which the Code applies. Its central objective is to ensure fair treatment for all shareholders in takeover bids.

The Panel has been designated as the supervisory authority to carry out certain regulatory functions in relation to takeovers under the EC Directive on Takeover Bids (2004/25/EC) (the "Directive").  Its statutory functions are set out in and under Chapter 1 of Part 28 of the Companies Act 2006.

Click on the link above for access to statements and disclosures notified to a Regulatory Information Service in relation to takeovers regulated by the Panel.