The Business Times
SUBSCRIBERS

SIC proposes changes to takeovers and mergers code to protect competitive process, improve disclosures

The code was last revised in 2019

Summarise
Megan Cheah

Megan Cheah

Published Mon, May 5, 2025 · 07:01 PM
    • Among the key proposals is the implementation of rules to ensure that schemes of arrangement meant for takeovers are certain and timely.
    • Among the key proposals is the implementation of rules to ensure that schemes of arrangement meant for takeovers are certain and timely. PHOTO: PIXABAY

    [SINGAPORE] The Securities Industry Council (SIC) on Monday (May 5) issued a consultation paper on amendments to Singapore’s Code on Take-overs and Mergers, with the aim of enhancing regulation around such deals.

    The proposed changes intend to protect the competitive process of takeover and merger transactions, improve the certainty and timeliness of schemes of arrangement, and enhance disclosures to investors and shareholders.

    A key proposal to safeguard the competitive process for potential offerors is prohibiting deal protection measures, except in limited circumstances.

    M&A

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback
    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More