# The Takeovers (Amendment) (EU Exit) Regulations 2019, Regulation 3: Amendments to the Companies Act 2006


In section 943—
(a) for subsection (1), substitute—
“(1) The Panel must make rules—
(a) giving effect to the general principles in Part 1 of Schedule 1C, and
(b) in accordance with Part 2 of that Schedule.”;
(b) after subsection (1), insert—
“(1A) Rules must specify the percentage of voting rights that gives a person control of a company for the purposes of this Chapter and how it is to be calculated.”;
(c) in subsection (7), for “of the Takeovers Directive” substitute “given by paragraph 20(1) of Schedule 1C”;
(d) omit subsection (8).

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Source: https://www.legislation.gov.uk/ukdsi/2019/9780111174180/regulation/3 (the official version)
Page: https://openlegislation.uk/draft-takeovers-amendment-eu-exit-regulations-2019/regulation-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.