United Kingdom | Publication | April 2024
On 24 April 2024, the UK Takeover Panel (Panel) published consultation paper PCP 2024/1: Companies to which the Takeover Code applies which proposes a refocusing and significant narrowing of the types of companies subject to the UK Takeover Code (Code). The consultation closes on 31 July 2024 and the Panel has indicated that it intends to publish a response statement and final rule changes in Autumn 2024 with the changes being implemented approximately one month thereafter.
Please see this briefing for an outline of the proposed changes and our views on those changes.
Publication
On 26 April 2024, the Financial Conduct Authority (FCA) published Primary Market Bulletin No.48 (PMB 48) to consult, among other things, on changes the FCA proposes to make to guidance in its Knowledge Base.
Video
Recent cases and judgments have shone a light on some emerging themes and trends that companies will want to consider as part of their risk management framework.
Publication
On 24 April 2024, the European Parliament voted to withdraw from the Energy Charter Treaty (the ECT). The vote follows several years of negotiations and deadlock amongst ECT contracting states and comes only two months after the UK’s announcement that it will withdraw.
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