![]() They apply to takeovers and other matters to which the Code applies. These General Principles are the same as the general principles set out in Part 1 of Schedule 1C to the Companies Act 2006. The Code is based upon six General Principles, which are essentially statements of standards of commercial behaviour. The rules set out in the Code have a statutory basis in the United Kingdom, the Isle of Man, Jersey and Guernsey. ![]() ![]() The City Code on Takeovers and Mergers (the “Code”) has been developed since 1968 to reflect the collective opinion of those professionally involved in the field of takeovers as to appropriate business standards and as to how fairness to shareholders and an orderly framework for takeovers can be achieved.
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