Panel consults on regulatory alignment of schemes and Code offers and deal protection devices
Published 1 November 2023
On 18 September 2023, the Panel released two consultation papers:
- Regulatory Alignment of Schemes and Code Offers – Application of Certain Code Rules to Schemes: This paper, available here, considers whether certain Code rules should be applied directly to schemes of arrangement relating to Code companies and how Panel enforcement powers might work if reform is advanced.
- Deal Protection Devices: This paper, available here, considers the operation of deal protection devices in relation to Code transactions and schemes. In particular, it relates to whether deal protection devices should be restricted and, if so, what might be restricted.
The closing date for submissions on each paper is 1 December 2023. Please see the respective consultation papers for details on how to make submissions.