On 24 February 2010 the Takeover Panel announced that, in light of recent commentary, public discussion and suggestions for consideration from the Secretary of State for Business, Innovation and Skills (BIS) and others, the Code Committee has decided to initiate a consultation to consider whether certain Takeover Code provisions and the timetable for determining the outcome of offers could usefully be improved. A public consultation paper will be published as soon as practicable.

(Takeover Panel Statement 2010/6: Consultation on aspects of the Takeover Code, 24.02.10)