Practice Notes are issued by the Takeovers Executive to provide informal guidance as to how the Takeovers Executive normally interprets and applies certain provisions of the Codes on Takeovers and Mergers and Share Buy-backs (Codes). They should not, however, be considered as an alternative to consulting the Takeovers Executive as to how the Codes apply to a particular case.
Practice Notes are reviewed by the Takeovers Executive periodically and are revised or withdrawn as appropriate. The following table indicates the topic, the relevant rules of the Codes and the month on which each Practice Note was issued or last revised.
Last update: 29 Sep 2023