In accordance with section 944 of the Companies Act 2006, Article 4 of the Companies (Takeovers and Mergers Panel) (Jersey) Law 2009 and section 340C of the Companies (Guernsey) Law, 2008, rules made by the Panel must be made by an instrument in writing. This page includes the Code as at 20 May 2006 and the instruments made since that date. All the links in the following table are to documents in PDF format.

Name Description Made Implementation
Instrument 2021/2 Gender neutrality 14/04/21 05/07/21
Instrument 2021/1 Conditions to offers and the offer timetable 31/03/21 05/07/21
Instrument 2020/2 Minor amendments to the Takeover Code 12/11/20 31/12/20
Instrument 2020/1 Document Charges 12/11/20 31/12/20
Instrument 2019/4 UK Finance – Corporate Finance Committee 06/11/19 06/11/19
Instrument 2019/3 The United Kingdom’s withdrawal from the European Union 04/04/19 31/12/20
Instrument 2019/2 Amendments to references to the UKLA and other matters 25/03/19 01/04/19
Instrument 2019/1 Asset valuations and other matters 06/03/19 01/04/19
Instrument 2017/7 Fees and charges 08/12/17 08/01/18
Instrument 2017/6 Amendments to the definitions of “multilateral trading facility” and “regulated maket” 08/12/17 03/01/18
Instrument 2017/5 Statements of intention and related matters 08/12/17 08/01/18
Instrument 2017/4 Asset sales and other matters 08/12/17 08/01/18
Instrument 2017/3 Changes to nominating bodies 12/07/17 12/07/17
Instrument 2017/2 Schemes of arrangement, multilateral trading facilities and other miscellaneous amendments to the Takeover Code 12/04/17 02/05/17
Instrument 2017/1 Amendments to Section 8 (Takeover Appeal Board) of the Introduction to the Takeover Code and other minor amendments 12/04/17 02/05/17
Instrument 2016/5 The communication and distribution of information during an offer 29/07/16 12/09/16
Instrument 2016/4 Amendments to the Introduction to the Takeover Code 14/07/16 12/09/16
Instrument 2016/3 Amendments to the Introduction to the Takeover Code 14/07/16 12/09/16
Instrument 2016/2 Rules of Procedure of the Hearings Committee 14/07/16 12/09/16
Instrument 2016/1 The communication and distribution of information during an offer 14/07/16 Superseded by Instrument 2016/5
Instrument 2015/4 Appointment of the Quoted Companies Alliance as a nominating body 09/11/15 09/11/15
Instrument 2015/3 Dividends; Restrictions and suspensions of voting rights; Additional presumptions to the definition of acting in concert 23/10/15 23/11/15
Instrument 2015/2 Fees and charges 20/04/15 01/05/15
Instrument 2015/1 Bank recovery and resolution 05/01/15 10/01/15
Instrument 2014/4 Post-offer undertakings and intention statements 23/12/14 12/01/15
Instrument 2014/3 Change of name of the Investment Management Association to The Investment Association 16/12/14 01/01/15
Instrument 2014/2 Miscellaneous amendments to the Takeover Code 14/11/14 01/01/15
Instrument 2014/1 Replacement of the Office of Fair Trading and the Competition Commission by the Competition and Markets Authority; change of name of the Association of Private Client Investment Managers and Stockbrokers to the Wealth Management Association 04/03/14 01/04/14
Instrument 2013/4 Profit forecasts, quantified financial benefits statements and material changes in information 24/07/13 30/09/13
Instrument 2013/3 Companies subject to the Takeover Code and other minor amendments 15/05/13 30/09/13
Instrument 2013/2 Pension scheme trustee issues 22/04/13 20/05/13
Instrument 2013/1 Amendments to reflect the restructuring of the UK’s financial regulatory framework, miscellaneous amendments flowing from the consultation on PCP 2012/1 and other minor amendments 28/03/13 01/04/13
Instrument 2011/2 Amendments following the Code Committee’s review of the regulation of takeover bids 21/07/11 19/09/11
Instrument 2011/1 Minor amendments to the Takeover Code and the Rules of Procedure of the Hearings Committee 21/07/11 21/07/11
Instrument 2010/1 Amendments to Rule 5.2(c)(iii) 05/03/10 08/03/10
Instrument 2009/6 Extending the Code’s disclosure regime 16/12/09 19/04/10
Instrument 2009/5 Miscellaneous Code amendments 16/12/09 25/01/10
Instrument 2009/4 Replacement of LIBA by AFME 28/10/09 02/11/09
Instrument 2009/3 Amendments relating to the Companies Act 2006 and other minor and consequential amendments to the Code 23/09/09 01/10/09
Instrument 2009/2 Legislative changes relating to Jersey, Guernsey and the Isle of Man 25/06/09 01/07/09
Instrument 2009/1 Legislative changes relating to the Isle of Man 27/02/09 01/03/09
Instrument 2008/4 Miscellaneous Code amendments and Electronic communications, websites and information rights 19/12/08 30/03/09
Instrument 2008/3 Minor and consequential amendments to the Code 15/07/08 29/07/08
Instrument 2008/2 Competition reference periods 15/07/08 29/07/08
Instrument 2008/1 Asset valuations – Rules 29.1 and 29.2 04/03/08 04/04/08
Instrument 2007/2 Announcements by companies admitted to trading on the PLUS primary markets 29/11/07 14/01/08
Instrument 2007/1A Schemes of arrangement 10/01/08 14/01/08
Instrument 2007/1 Schemes of arrangement 29/11/07 14/01/08
Resolution (a) Amendments made as a consequence of the commencement of provisions of the Companies Act 2006 and the change of name of “OFEX” (b) Rules of Procedure of the Hearings Committee 06/03/07 06/04/07
The Code: 20 May 2006 The Takeover Code as at 20 May 2006 20/05/06

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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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