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The Takeovers Directive (Interim Implementation) Regulations 2006

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This is the original version (as it was originally made). This item of legislation is currently only available in its original format.

Power to require documents and information

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6.—(1) The Panel may by notice in writing require a person—

(a)to produce any documents that are specified or described in the notice;

(b)to provide, in the form and manner specified in the notice, such information as may be specified or described in the notice.

(2) A requirement under paragraph (1) must be complied with—

(a)at a place specified in the notice; and

(b)before the end of such reasonable period as may be so specified.

(3) This regulation applies only to documents and information reasonably required in connection with the exercise by the Panel of its functions.

(4) The Panel may require—

(a)any document produced to be authenticated, or

(b)any information provided (whether in a document or otherwise) to be verified,

in such manner as it may reasonably require.

(5) The Panel may authorise a person to exercise any of its powers under this regulation.

(6) A person exercising a power by virtue of paragraph (5) must, if required to do so, produce evidence of his authority to exercise the power.

(7) The production of a document in pursuance of this regulation does not affect any lien that a person has on the document.

(8) The Panel may take copies of or extracts from a document produced in pursuance of this regulation.

(9) A reference in this regulation to the production of a document includes a reference to the production of—

(a)a hard copy of information recorded otherwise than in hard copy form; or

(b)information in a form from which a hard copy can be readily obtained.

(10) A person is not required by this regulation to disclose documents or information in respect of which a claim to legal professional privilege (in Scotland, to confidentiality of communications) could be maintained in legal proceedings.

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