Abi, Ania, Assogestioni, Assonime, Assoreti, Assosim, Borsa Italiana And Confindustria Publish A <I>Common Position Paper </I>On The European Draft Directive On Takeover Bids (TOB)

Abi, Ania, Assogestioni, Assonime, Assoreti, Assosim, Borsa Italiana and Confindustria on 15th April published a common position paper, prepared according to experience gained in the various relevant sectors, on the proposed European Directive on takeover bids currently being examined by the European Parliament and Council.

The aim is to provide technical support to the Government, the Supervisory Authorities regarding financial markets and the European Parliament members from our country, also in view of the Italian Presidency for the European Half-Year, considering the impact the proposal drawn up by the European Commission could have on Italian regulations and the market system.

The document will be sent to the Ministries of the Economy, Foreign Affairs and Community Policies, as well as to the Bank of Italy and CONSOB (Securities and Exchange Commission).

Click here to view the position paper.