SPL has updated and extended the scope of its 2017 practice note on the Takeover Code. The new edition of the note is attached and has been loaded onto the SPL website.

In the course of the update, SPL engaged with the Takeover Panel. It is, however, emphasised that the Panel has not endorsed or approved the updated note. The Code and the Panel’s own Practice Statements should always be consulted and followed.

Should you have any comments or points of practice in relation to the Code that may be of wider interest to fellow SPL members, do not hesitate to make contact with me or any member of the Corporate and Regulatory Committee.

Kind regards,

Paul Randall
Chair, Corporate and Regulatory Committee

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