ABSTRACT
The Securities Market Act (SFS 2007:528) stipulates that a stock exchange must have rules regarding takeover bids for shares admitted to trading on a regulated market operated by the relevant stock exchange.[1] The rules must satisfy the requirements imposed in Directive 2004/25/EC of the European Parliament and of the Council of 21 April 2004 on takeover bids (the “Takeovers Directive”) and must otherwise be appropriate.
