city code and takeover directive

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March 26, 2019 at 5:05 pm #510505
ayeshatabani
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What is the difference between city code and the takeover directive? Can they be considered to be one and the same?
thanks!
March 27, 2019 at 8:27 am #510556
John Moffat
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The City Code is UK rules, the Takeover Directive is a EU directive. For the purposes of the exam they are effectively the same.
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