This Resource Note outlines the main provisions of Rule 9 of The City Code on Takeovers and Mergers (Code) and highlights relevant materials, commentary and guidance from the Panel on Takeovers and Mergers (Panel), as well as Lexis+® UK analysis and resources, to give practical guidance on the interpretation and application of Rule 9.

Materials covered in this Resource Note include:

1. •

   detailed notes accompanying the Code (Notes), which expand on the intended manner of the implementation of the Rules and relevant Appendices dealing with specific issues

2. •

   Practice Statements issued by the Panel Executive (the body that carries out the day-to-day work of takeover supervision and regulation) (Executive) to provide informal guidance as to how the Executive normally interprets and applies the Code

3. •

   Panel Statements published by the Panel (P/S) and Panel Instruments

4. •

   Public Consultation Papers (PCP) and Response Statements (RS) published by the Code Committee

5. •

   Annual Reports published by the Panel containing discussion of general issues (Annual Reports)

6. •

   relevant Lexis+® UK resources