The following new amendments to the Takeovers Code came into effect on 1 August 2008:

  • introduction of new rules to further regulate securities borrowing and lending activities;
  • introduction of rules to close the loophole in relation to privatisations and delistings; and
  • amending rules to increase guidance regarding dealings by connected fund managers and principal traders before and during an offer period.

A copy of the amended Takeovers Code is available on the SFC website.