Revision of the Takeover Ordinance
New Takeover Ordinance
On 20th June 2008, the Federal Banking Commission began a period of consultation on a completely revised draft of the Ordinance on Public Takeover Offers (TOO) drawn up by the Takeover Board.
In the course of this consultation, which ended on 4th August 2008, the Takeover Board received a total of ten statements from professional associations, businesses, legal chambers, etc., as well as comments from three Federal authorities.
Having taken the findings of the consultation into consideration, the Takeover Board finalised the Takeover Ordinance on 21st August 2008. The Federal Banking Commission approved these regulations on 24th September 2008. They were published in the Amtlichen Sammlung in November 2008.
An unofficial translation of the regulations is available in English.