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    • About the Panel
          • About the Panel

            The Takeover Panel is an independent body whose main functions are to issue and administer the Takeover Code and to supervise and regulate takeovers and other matters to which the Code applies. Its principal purposes are to ensure fair treatment for all shareholders and an orderly framework for takeover bids.

            Read more here


          • In this section:

          • Panel membership
          • Executive
          • Committees
          • Legislative basis
          • Compliance and Cold Shouldering
    • The Takeover Code
          • The Takeover Code

            The Takeover Code comprises six General Principles, 38 Rules and nine Appendices. It is designed to ensure fair treatment for shareholders and an orderly framework for takeovers.

            Read more here

            Order a printed copy of the Code here


          • In this section:

          • The Code
          • Companies to which the Code applies
          • Practice Statements
          • Instruments
    • Disclosure
          • Disclosure

            This section contains resources related to the requirement for any person who is interested in 1% or more of any class of relevant securities of an offeree or offeror company to disclose their dealings and positions.

            Read more here


          • In this section:

          • Disclosure Table
          • Disclosure Forms
          • Regulatory Information Services (“RISs”)
          • Rule 8 summary
          • Exempt & recognised intermediary status
          • PTM Levy
    • Panel Communications
          • Panel Communications

            Statements, Bulletins and Annual Reports from the Takeover Panel.

            Read more here


          • In this section:

          • Panel Statements
          • Annual Reports
          • Panel Bulletins
          • Transaction Statistics
    • Checklists, Templates and Fees
          • Checklists, Templates and Fees

            Checklists and templates for submission by a financial adviser to an offeror or an offeree company (as appropriate) may be downloaded from this section. Information about fees and charges may also be found here.

            Read more here


          • In this section:

          • How to complete checklists and supplementary forms
          • Notes to advisers
          • Fees and charges
    • Consultation
          • Consultation

            Consultations into proposed rules and amendments to the Takeover Code, including consultation papers, response statements and individual responses.

            Read more here


          • In this section:

          • Current consultations
          • Closed consultations
    • Contact
          • How to contact the Takeover Panel

          • Address

            The Takeover Panel, One Angel Court, London, EC2R 7HJ

          • General enquiries

            Telephone: +44 (0) 20 7382 9026
            Email: supportgroup@thetakeoverpanel.org.uk

          • Market Surveillance Unit

            Telephone: +44 (0) 20 7638 0129
            Email: monitoring@thetakeoverpanel.org.uk

            This email address is to be used solely for transmitting disclosure forms.

          • Further information about contacting the Takeover Panel can be found here.

The Takeover Panel
The Takeover Panel
The Takeover Code
Quick links:
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  • Consultation
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  • Disclosure Forms
  • Checklists, Templates & Fees
  • Instrument 2024/3

    6 November 2024
  • Instrument 2024/2

    18 April 2024
  • Instrument 2024/1

    18 April 2024
  • Instrument 2023/4

    18 December 2023
  • Instrument 2023/3

    27 October 2023
  • Instrument 2023/2

    4 April 2023
  • Instrument 2023/1

    4 April 2023
  • Instrument 2022/6

    14 December 2022
  • Instrument 2022/5

    14 July 2022
  • Instrument 2022/4

    5 May 2022
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Contact Information

The Takeover Panel
One Angel Court
London
EC2R 7HJ

General enquiries
Telephone: +44 (0) 20 7382 9026
Email: supportgroup@thetakeoverpanel.org.uk

Market Surveillance Unit
Telephone: +44 (0) 20 7638 0129
Email: monitoring@thetakeoverpanel.org.uk
(Used solely for transmitting disclosure forms.)


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