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Draft Companies (Takeovers and Mergers Panel) (Amendment of Law) (Jersey) Regulations 200- (“the Draft Regulations”) and draft Companies (Takeovers and Mergers Panel) (Jersey) Law 2009 (Appointed Day) Act (“the Appointed Day Act”): approval.

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A decision made (01/06/2009) regarding: Draft Companies (Takeovers and Mergers Panel) (Amendment of Law) (Jersey) Regulations 200- (“the Draft Regulations”) and draft Companies (Takeovers and Mergers Panel) (Jersey) Law 2009 (Appointed Day) Act (“the Appointed Day Act”): approval.

Decision Reference: MD-E-2009-0089 

Decision Summary Title :

Lodging of Companies (Takeovers and Mergers Panel) (Amendment of Law) (Jersey) Regulations 200-

Date of Decision Summary:

1 June 2009

Decision Summary Author:

Finance Industry Development Executive

Decision Summary:

Public or Exempt?

(State clauses from Code of Practice booklet)

Public

Type of Report:

Oral or Written?

Written

Person Giving

Oral Report:

 

Written Report

Title :

Lodging of Companies (Takeovers and Mergers Panel) (Amendment of Law) (Jersey) Regulations 200-

Date of Written Report:

28 May 2009

Written Report Author:

Finance Industry Development Executive

Written Report :

Public or Exempt?

(State clauses from Code of Practice booklet)

Public

Subject:    

Draft Companies (Takeovers and Mergers Panel) (Amendment of Law) (Jersey) Regulations 200- (“the Draft Regulations”) and draft Companies (Takeovers and Mergers Panel) (Jersey) Law 2009 (Appointed Day) Act (“the Appointed Day Act”): approval.

Decision(s):  

The Minister approved the Draft Regulations, together with the accompanying report, and also the Appointed Day Act, and requested that they be lodged au Greffe forthwith. 

Reason(s) for Decision: 

The Draft Regulations will amend the Schedule of the Companies (Takeovers and Mergers Panel) (Jersey) Law 2009 to extend the ability of the Takeovers and Mergers Panel (“the Panel”) to make to disclosures so as to reflect the Panel’s jurisdiction in Guernsey, thus ensuring that the Panel has consistent powers across all jurisdictions where it acts. 

The Appointed Day Act will bring the Law into force on 1 July 2009, coinciding with the date on which the equivalent legislation will come into force in Guernsey.

 

 
Resource Implications: 

There are no measurable financial or manpower costs for the States.

Action required: 

To approve the Draft Regulations and the attached report and also to approve the Appointed Day Act and for the documents to be lodged au Greffe. 

Signature: 

Position:

Minister for Economic Development

Date Signed: 

Date of Decision (If different from Date Signed): 

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