Repeal of takeover regulations preserves prior actions and pending open offers, treating past acts as under new provisions. Repeal of the 1997 takeover regulations is effected, with all actions, exemptions, fees, adjudications, enquiries, investigations and notices in existence before repeal deemed done under corresponding provisions of the 2011 Regulations; prior rights, obligations, liabilities and penalties remain unaffected; announced open offers must be continued and completed under the repealed framework; references in other Board instruments to the repealed regulations are to be read as references to corresponding provisions of the new Regulations.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Repeal of takeover regulations preserves prior actions and pending open offers, treating past acts as under new provisions.
Repeal of the 1997 takeover regulations is effected, with all actions, exemptions, fees, adjudications, enquiries, investigations and notices in existence before repeal deemed done under corresponding provisions of the 2011 Regulations; prior rights, obligations, liabilities and penalties remain unaffected; announced open offers must be continued and completed under the repealed framework; references in other Board instruments to the repealed regulations are to be read as references to corresponding provisions of the new Regulations.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
