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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Laws
Recognised Jurisdictions and Funds
Declaration Notices
Financial Markets Tribunal
Archive
Rulebook Modules
Takeover Rules Module (TKO) [VER7/02-16]
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases
Notices

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  Versions
(2 versions)
 
Sep 26 2005 - Feb 7 2007Feb 8 2007 onwards

TKO 11.1.1 Guidance



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The definitive version of DFSA handbook text is the PDF version as that is the text of the instrument as made and published by the DFSA.

To view past versions of this module in PDF format, please visit the Archive.

1. The DFSAG must be consulted if it is considered inappropriate or unlikely that the Bid DocumentG is posted within this period and may, in considering any appropriate waiver or modification, require that interest for the period of delay be included in the BidG .
2. The DFSAG will not consider the merits of the BidG . It should not be assumed that because of this prior notification, the DFSAG will not use powers available to it where the need for remedial action is subsequently identified.
3. The DFSAG expects that the Bid DocumentG will be posted within 21 days of the announcement of a firm intention to make a BidG unless the bid is subject to regulatory pre-conditions of a type acceptable to the DFSAG . Such regulatory pre-conditions, if acceptable to the DFSAG may be permitted by way of a modification to delay the posting and disclosure of the bid documents as required under TKO Rule 11.1.1(a) and (b) and TKO Rule 2.4.6. Any such acceptance must be obtained in the form of a modification pursuant to TKO Rule 16.1.
4. See also TKO Rule 8.1.2 in relation to disclosure of the Bid DocumentG .
Derived from DFSA RM23/2005 (Made 26th September 2005). [VER1/09-05]
[Amended] DFSA RM40/2007 (Made 8th February 2007). [VER2/02-07]