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are treated equally during takeover bids. Its main functions are to issue and administer the City Code on
Takeovers and Mergers (the "Code") and to supervise and regulate takeovers and other matters to which the Code applies. Its central objective is to ensure fair treatment for all shareholders in
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The Panel is a statutory body under
Chapter 1 of Part 28 (sections 942 to 965) of the Companies Act 2006 as amended by The Companies Act 2006 (Amendment of Schedule 2)(No 2) Order 2009. It has established a reputation for giving informed advice in an expert area of regulatory activity. It is the
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that decisions of this panel are subject to judicial review, even though it was at that time (i.e., in 1986) only a private body. This was due to its "enormous power" and "giant's strength". As The Panel is now a statutory footing, its decisions can now be reviewed even without referring to this
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that is greater than £10,000, the details of the transaction are passed on to the panel for their evaluation, and a levy is charged of (currently) £1.00 on the transaction, which goes to the panel as payment (known as the "PTM levy").
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The
European Takeovers Directive mandates that the Panel is put on a statutory footing. This was completed in the
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arbiter of takeover bids and has the support of government and other organisations with statutory involvement.
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The
Takeover Panel has been led by the following individuals since inception:
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https://www.thetakeoverpanel.org.uk/download/panel-statement-2024-4
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Non-departmental public bodies of the United
Kingdom government
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R v Panel on Take-overs and
Mergers, ex parte Datafin plc
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1985-87: John Walker-Haworth, a
Director of S G Warburg
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Financial regulatory authorities of the United
Kingdom
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R v Panel on Take-overs and
Mergers, ex p Datafin plc
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2001-03: Philip
Remnant, Credit Suisse First Boston
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284:International equivalents to the Takeover Panel
809:"New Director General for the Takeover Panel"
792:"New Director General for the Takeover Panel"
775:"New Director General for the Takeover Panel"
758:"New Director General for the Takeover Panel"
741:"New Director General for the Takeover Panel"
707:"New Director General for the Takeover Panel"
690:"New Director General for the Takeover Panel"
673:"New Director General for the Takeover Panel"
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942:Corporate governance in the United Kingdom
922:1968 establishments in the United Kingdom
912:Organisations based in the City of London
656:"New Director General for Takeover Panel"
639:"New Director General for Takeover Panel"
622:"New Director General for Takeover Panel"
605:"New Director General for Takeover Panel"
588:"New Director General for Takeover Panel"
559:. The Takeover Panel. 17 September 1987.
542:. The Takeover Panel. 12 September 1985.
262:2013-15: Philip Robert-Tissot, Citigroup
132:It was set up in 1968 and is located in
729:. The Takeover Panel. 25 February 2010.
644:. The Takeover Panel. 17 December 1998.
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866:"About the Swedish Securities Council"
763:. The Takeover Panel. 22 January 2013.
678:. The Takeover Panel. 31 January 2003.
661:. The Takeover Panel. 17 January 2001.
627:. The Takeover Panel. 6 February 1996.
610:. The Takeover Panel. 14 January 1994.
593:. The Takeover Panel. 14 January 1992.
576:. The Takeover Panel. 17 October 1989.
491:. The Takeover Panel. 7 December 1976.
474:. The Takeover Panel. 1 November 1974.
247:2003-05: Richard Murley, Goldman Sachs
238:1996-99: Alistair Defriez, SBC Warburg
214:1979-81: Graham Walsh, Morgan Grenfell
171:Whenever a transaction is made on the
695:. The Takeover Panel. 16 August 2005.
457:. The Takeover Panel. 1 October 1971.
211:1976-79: David Macdonald, Hill Samuel
814:. The Takeover Panel. 15 April 2021.
797:. The Takeover Panel. 26 April 2018.
780:. The Takeover Panel. 16 April 2015.
250:2005-07: Mark Warham, Morgan Stanley
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712:. The Takeover Panel. 20 July 2007.
525:. The Takeover Panel. 30 June 1981.
274:2024– : Omar Faruqui, Barclays
265:2015-18: Crispin Wright, Rothschild
241:1999-01: Patrick Drayton, Schroders
235:1994-96: William Staple, Rothschild
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746:. The Takeover Panel. 9 July 2010.
508:. The Takeover Panel. 8 June 1979.
439:[1986] AppLR 12/05
415:"PTM Levy - London Stock Exchange"
259:2010-13 Robert Gillespie, Evercore
229:1989-92: Geoffrey Barnett, Barings
119:The Panel on Takeovers and Mergers
30:The Panel on Takeovers and Mergers
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268:2018-21: Simon Lindsay, Citigroup
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279:International equivalents
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271:2021-24: Ian Hart, UBS
208:1974-76: Martin Harris
175:or other London-based
852:www.takeovers.govt.nz
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571:"The Takeover Panel"
554:"The Takeover Panel"
537:"The Takeover Panel"
520:"The Takeover Panel"
503:"The Takeover Panel"
486:"The Takeover Panel"
469:"The Takeover Panel"
452:"The Takeover Panel"
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331:Irish Takeover Panel
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220:1983-85: T G Barker
202:1968-72: Ian Fraser
121:, or more commonly
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183:It was decided in
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53:Jurisdiction
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346:New Zealand
906:Categories
385:References
875:17 August
306:Australia
77:Employees
177:exchange
159:de facto
370:Swedish
326:Ireland
289:Nation
138:England
99:Website
848:"Home"
437:,
364:Sweden
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292:Panel
190:case.
152:Powers
134:London
67:London
45:Formed
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877:2017
108:.org
48:1968
173:LSE
110:.uk
104:www
71:EC4
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