Jurisdiction(s):
United Kingdom

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Key definition

Code Committee definition

What does Code Committee mean? In UK public M&A practice, the Code Committee is the panel on Takeovers and Mergers’ rule‑making committee. It keeps the UK Takeover Code under review and, after consultation, proposes, makes and issues most amendments to the Code. It undertakes the majority of the Panel’s rule‑making work, except for matters reserved to the Panel under Section 4(b) of the Introduction to the Code. Up to twelve members of the Panel are designated by the Panel as members of the Code Committee. Its current membership and Terms of Reference are published on the Panel’s website. The Committee’s role is described in...

Archived 2015 corporate law and regulation horizon scan: key UK and EU developments and dates for UK corporate practitioners

Published by a LexisNexis Corporate expert

Practice notes

ARCHIVED:

This archived Practice Note outlined significant legal developments anticipated to affect corporate lawyers during 2015. It has not been revised since 2015. For new legal developments from January 2018 onwards, see Practice Note: Corporate horizon scanning—2018 and beyond.

January 2015

Date Subject matter Development and Background Resources

1 January 2015 Takeovers—Miscellaneous amendments to the Takeover Code The revisions to the Takeover Code proposed in Panel consultation PCP 2014/1—Miscellaneous amendments to the Takeover Code—come into effect. On 16 July 2014, the Code Committee of the Takeover Panel launched a consultation on a range of detailed, varied amendments to provisions of the Code. The consultation closed on 12 September 2014 and, on 14 November 2014, the Code Committee issued RS 2014/1 confirming adoption of the amendments with certain modifications and redrafting. The changes include:

amendments to disclosure obligations for irrevocable undertakings, letters of intent and interests in relevant Securities
changes to the...

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