Rules may contain provision conferring power on the Panel to impose sanctions on a person who has—
Subsection (3) applies where rules made by virtue of subsection (1) confer power on the Panel to impose a sanction of a kind not provided for by the City Code on Takeovers and Mergers as it had effect immediately before the passing of this Act.
The factors are—
The Panel may at any time revise a policy statement.
The Panel must prepare a draft of any proposed policy statement (or revised policy statement) and consult such persons about the draft as the Panel considers appropriate.
The Panel must publish, in whatever way it considers appropriate, any policy statement (or revised policy statement) that it prepares.
In exercising, or deciding whether to exercise, its power to impose a sanction within subsection (2) in the case of any particular breach or failure, the Panel must have regard to any relevant policy statement published and in force at the time when the breach or failure occurred.