Additional disclosures required for Independent Adviser applications

Published 1 March 2015

The Panel has amended its Guidance Note on Independent Advisers and the Takeovers Code to require additional disclosures to be made by the adviser seeking to be approved as independent for the purposes of preparing a report under the Code. The Guidance Note now also requires the person seeking to appoint the adviser to provide the Panel with a statement on the process undertaken by that person to select the adviser.

The additional requirements are set out in Appendix B of the Guidance Note.