Author: Joanna Healey

Scope of Takeover Code to be narrowed

The scope of the companies subject to the Takeover Code is being narrowed from 3 February 2025 to focus solely on companies which are registered in the UK, the Channel Islands, or the Isle of Man and whose securities are (or were recently) admitted to trading in one of those jurisdictions.

To allow companies that will cease to be subject to the Takeover Code as a result of these changes to make appropriate adjustments, there will be a two-year transition period.