Thursday May 5 2011

News Source: Global Disclosures

Focus: Substantial Acquisitions

Type: Correspondence with Regulators

Country: Ireland




FUrther to a query on the status of the Irish Takeover Panel`s Substantial Acquisition RUles, which the Panel wishes to have repealed, it was clarified by email that the Panel still intends to abolish the Ireland SARs however this will require an amendment to primary legislation which may take some time. They were unable to give a timeframe within which this will be effected.