Exemption for intra-group transfers to natural person controllers

Published 1 September 2015

An amendment has been made to the Takeovers Code (Class Exemptions) Notice (No 2) 2001. New clauses 25A and 25B grant exemptions from compliance with rule 6(1) of the Code in relation to intra-group transactions where the group is headed by a natural person or by a number of persons including at least one natural person.