The Code Committee of the Takeover Panel published on 26 November 2012 its review of the 2011 amendments to the Takeover Code. (We covered those amendments in this post.) The review concludes that:
“The Code Committee believes that, to date, the 2011 Amendments have operated satisfactorily…the Code Committee has asked the Executive to continue to monitor certain areas of practice and to keep a number of the provisions of the Code under review. However, the Code Committee does not intend to propose any immediate changes to the Code as a result of its review of the 2011 Amendments and any future proposals will be brought forward in accordance with the Code Committee’s usual procedures for amending the Code.”
See also: Takeover Code: impact of the reforms, one year on – Clifford Chance analysis
