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.

NameDescriptionMadeImplementation
Instrument 2022/4 Removal of restriction on anonymous order book dealings 5 May 2022 13 June 2022
Instrument 2022/3 Document charges 5 May 2022 13 June 2022
Instrument 2022/2 Miscellaneous Code amendments 5 May 2022 13 June 2022
Instrument 2022/1 Limitation on length of service of Panel members 26 January 2022 26 January 2022
Instrument 2021/5 Takeover Appeal Board 14 July 2021 2 August 2021
Instrument 2021/4 Document charges 14 July 2021 2 August 2021
Instrument 2021/3 The Chartered Governance Institute UK & Ireland 14 July 2021 2 August 2021
Instrument 2021/2 Gender neutrality 14 April 2021 5 July 2021
Instrument 2021/1 Conditions to offers and the offer timetable 31 March 2021 5 July 2021
Instrument 2020/2 Minor amendments to the Takeover Code 12 November 2020 31 December 2020
Instrument 2020/1 Document Charges 12 November 2020 31 December 2020
Instrument 2019/4 UK Finance – Corporate Finance Committee 6 November 2019 6 November 2019
Instrument 2019/3 The United Kingdom’s withdrawal from the European Union 4 April 2019 31 December 2020
Instrument 2019/2 Amendments to references to the UKLA and other matters 25 March 2019 1 April 2019
Instrument 2019/1 Asset valuations and other matters 6 March 2019 1 April 2019
Instrument 2017/7 Fees and charges 8 December 2017 8 January 2018
Instrument 2017/6 Amendments to the definitions of ‘multilateral trading facility’ and ‘regulated market’ 8 December 2017 3 January 2018
Instrument 2017/5 Statements of intention and related matters 8 December 2017 8 January 2018
Instrument 2017/4 Asset sales and other matters 8 December 2017 8 January 2018
Instrument 2017/3 Changes to nominating bodies 12 July 2017 12 July 2017
Instrument 2017/2 Schemes of arrangement, multilateral trading facilities and other miscellaneous amendments to the Takeover Code 12 April 2017 2 May 2017
Instrument 2017/1 Amendments to Section 8 (Takeover Appeal Board) of the Introduction to the Takeover Code and other minor amendments 12 April 2017 2 May 2017
Instrument 2016/5 The communication and distribution of information during an offer 29 July 2016 12 September 2016
Instrument 2016/4 Amendments to the Introduction to the Takeover Code 14 July 2016 12 September 2016
Instrument 2016/3 Amendments to the Introduction to the Takeover Code 14 July 2016 12 September 2016
Instrument 2016/2 Rules of Procedure of the Hearings Committee 14 July 2016 12 September 2016
Instrument 2016/1 The communication and distribution of information during an offer 14 July 2016 Superseded by Instrument 2016/5
Instrument 2015/4 Appointment of the Quoted Companies Alliance as a nominating body 9 November 2015 9 November 2015
Instrument 2015/3 Dividends; Restrictions and suspensions of voting rights; Additional presumptions to the definition of acting in concert 23 October 2015 23 November 2015
Instrument 2015/2 Fees and charges 20 April 2015 1 May 2015
Instrument 2015/1 Bank recovery and resolution 5 January 2015 10 January 2015
Instrument 2014/4 Post-offer undertakings and intention statements 23 December 2014 12 January 2015
Instrument 2014/3 Change of name of the Investment Management Association to The Investment Association 16 December 2014 1 January 2015
Instrument 2014/2 Miscellaneous amendments to the Takeover Code 14 November 2014 1 January 2015
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 4 March 2014 1 April 2014
Instrument 2013/4 Profit forecasts, quantified financial benefits statements and material changes in information 24 July 2013 30 September 2013
Instrument 2013/3 Companies subject to the Takeover Code and other minor amendments 15 May 2013 30 September 2013
Instrument 2013/2 Pension scheme trustee issues 22 April 2013 20 May 2013
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 March 2013 1 April 2013
Instrument 2011/2 Amendments following the Code Committee’s review of the regulation of takeover bids 21 July 2011 19 September 2011
Instrument 2011/1 Minor amendments to the Takeover Code and the Rules of Procedure of the Hearings Committee 21 July 2011 21 July 2011
Instrument 2010/1 Amendments to Rule 5.2(c)(iii) 5 March 2010 8 March 2010
Instrument 2009/6 Extending the Code’s disclosure regime 16 December 2009 19 April 2010
Instrument 2009/5 Miscellaneous Code amendments 16 December 2009 25 January 2010
Instrument 2009/4 Replacement of LIBA by AFME 28 October 2009 2 November 2009
Instrument 2009/3 Amendments relating to the Companies Act 2006 and other minor and consequential amendments to the Code 23 September 2009 1 October 2009
Instrument 2009/2 Legislative changes relating to Jersey, Guernsey and the Isle of Man 25 June 2009 1 July 2009
Instrument 2009/1 Legislative changes relating to the Isle of Man 27 February 2009 1 March 2009
Instrument 2008/4 Miscellaneous Code amendments and Electronic communications, websites and information rights 19 December 2008 30 March 2009
Instrument 2008/3 Minor and consequential amendments to the Code 15 July 2008 29 July 2008
Instrument 2008/2 Competition reference periods 15 July 2008 29 July 2008
Instrument 2008/1 Asset valuations – Rules 29.1 and 29.2 4 March 2008 4 April 2008
Instrument 2007/2 Announcements by companies admitted to trading on the PLUS primary markets 29 November 2007 14 January 2008
Instrument 2007/1A Schemes of arrangement 10 January 2008 14 January 2008
Instrument 2007/1 Schemes of arrangement 29 November 2007 14 January 2008
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 6 March 2007 6 April 2007
The Code: 20 May 2006 The Takeover Code as at 20 May 2006 20 May 2006