Take-over By-laws consultation
Take-over By-laws consultation
Tag Archives: Take-over By-laws
The Securities Industry (Take-Over) By-Laws, 2005
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Extension of the deadline for submission of comments on the proposed take-over By-laws
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Proposed Takeover By-Laws (2003): Statement Of Substance and Purpose Made Pursuant To Section 132(1)(B) of the Securities Industry Act, 1995
In accordance with its statutory mandate to review, approve and regulate take-overs the Trinidad and Tobago Securities and Exchange Commission intends to recommend the making of take-over by-laws to the Honourable Minister of Finance.
Overview of the Proposed Takeover By-Laws
The Trinidad and Tobago Securities and Exchange Commission has prepared Take-over By-laws to regulate attempts by one entity (the offeror) to acquire control over an offeree company (the target). Although these By-laws have not yet been enacted into law, they represent best practice. The Commission therefore expects that all parties involved in take-over bids will comply with the requirements of the proposed Take-over By-laws.