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.