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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Rulebook Modules
Takeover Rules Module (TKO) [VER7/02-16]
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(1 version)
Sep 26 2005 onwards

TKO 5.3.1 Guidance

Whole Section PDF

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 may be prepared to accept an element of subjectivity in certain special circumstances where it is not practicable to specify all the factors on which satisfaction of a particular condition may depend. This may especially arise in cases involving official authorisations, the granting of which may be subject to an additional material obligation of the BidderG . Consent would also normally be granted where an announcement for a BidG is to be expressed as being conditional on statements or estimates being appropriately verified.
2. A BidderG should not invoke any condition, other than the acceptance condition, so as to cause the BidG to lapse unless the circumstances which give rise to the right to invoke the condition are of material significance to the BidderG in the context of the BidG .
3. Conditions that depend solely on a force majeure are not prohibited by this RuleG .

Derived from DFSA RM23/2005 (Made 26th September 2005). [VER1/09-05]