UK:
Amendment Of Takeover Code
To print this article, all you need is to be registered or login on Mondaq.com.
Under amendments to the Takeover Code with effect from 20 May
2013, pension scheme trustees will be entitled to receive certain
of the offer documents as well as information on the bidder's
intentions on employer contributions and funding the scheme
deficit. Trustees are to be entitled to have their opinion of the
effect of the bid on the pension scheme included in the target
company's response to the offer.
Wedlake Bell comment: from trustees'
perspective formalising scheme trustees' status in a bid
situation is welcome.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Finance and Banking from UK
FCA's Consultation Paper
Cadwalader, Wickersham & Taft LLP
Since 3 January 2018, firms that provide portfolio management or investment advice on an independent basis must pay for the research they obtain...
Regulation Round Up
Proskauer Rose LLP
Welcome to the UK Regulation Round Up, a regular bulletin highlighting the latest developments in UK and EU financial services regulation.
FCA To Permit Research Bundling
Akin Gump Strauss Hauer & Feld LLP
The Financial Conduct Authority (FCA) is seeking views on proposed rules that would allow asset managers to opt for bundled payments for third-party investment research, reversing a significant aspect of the UK's implementation of research rules under the Markets in Financial Instruments Directive (MiFID II).