Duties

In accordance with Chapter 6, Section 17 of the Finnish Securities Markets Act, the Takeover Panel shall issue recommendations and statements promoting compliance with good securities markets practice, which shall relate to the actions of the management of the offeree company regarding a takeover bid and the contractual structures relating to the maintenance of control or which shall provide direction for the corporate-law procedures to be complied with in mergers and acquisitions.

In addition, in accordance with Chapter 6, Section 17 of the Finnish Securities Markets Act, the Takeover Panel may, upon application, issue recommendations for resolutions regarding individual issues relating to the recommendations.

The Takeover Panel may also by other means promote the development of good securities markets practice.