The Takeovers Directive (Interim Implementation) Regulations 2006 No. 1183

PART 2 The Takeover Panel

CHAPTER 4 Contravention of rules etc.

No action for breach of statutory duty etc.

12.—(1) Contravention of a rule-based requirement or a disclosure requirement does not give rise to any right of action for breach of statutory duty.

(2) Contravention of a rule-based requirement does not make any transaction void or unenforceable or affect the validity of any other thing.