Abstract
There is comparatively little legislation in the UK regulating the conduct of takeover offers. There is no body of law that could be described as securities law, unlike the US. The real strength of the controls of takeover offers lies in the system of non-statutory regulation. The non-legal sanctions, pressures and discretions which are available are such as to ensure that this area of the ecurities market is carefully and closely monitored.
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© 1997 The Regulatory Policy Institute
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Lee, T.P. (1997). The emergence of a moral code of practice: The case of the Takeover Panel. In: Jeunemaître, A. (eds) Financial Markets Regulation. Studies in Regulation. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-25867-3_9
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DOI: https://doi.org/10.1007/978-1-349-25867-3_9
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-25869-7
Online ISBN: 978-1-349-25867-3
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