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Part 28Takeovers etc

Chapter 1The Takeover Panel

Co-operation

950Panel’s duty of co-operation

(1)The Panel must take such steps as it considers appropriate to co-operate with—

(a)the Financial Services Authority;

(b)an authority designated as a supervisory authority for the purposes of Article 4.1 of the Takeovers Directive;

(c)any other person or body that exercises functions of a public nature, under legislation in any country or territory outside the United Kingdom, that appear to the Panel to be similar to its own functions or those of the Financial Services Authority.

(2)Co-operation may include the sharing of information that the Panel is not prevented from disclosing.