Overview

To enhance the competencies of individuals advising on matters related to the Codes on Takeovers and Mergers and Share Buy-backs (the Codes), the SFC licensing requirement introduced on 1 January 2022 remains a critical benchmark for professionals in this field.

The course provides a comprehensive overview of the key requirements of the Takeovers Codes, focusing on the roles and responsibilities of financial advisers, offerors, and offerees to ensure compliance during any takeover offer. Designed as a foundational resource for individuals involved in takeover assignments, this eCourse also serves as a valuable refresher for TC Advisers. Additionally, it supports LE Paper 17 examination candidates by offering insights and guidance to deepen their understanding of the updated study manual.

Note: This eCourse has been updated to align with the latest changes in the LE Paper 17 study manual (Version 1.1), ensuring that the content reflects the most current regulatory and practical requirements.

Objective

By the end of the eCourse, you will:
- Have a good understanding of the requirements in carrying out a takeover transaction, including the applicable regulatory codes and rules, and licensing and registration requirements of TC Advisers
- Know the roles and responsibilities, and obligations of each party, especially financial advisers, in takeovers.

Content

Module 1 - Get Ready for a Takeover Transaction
i) Overview of the Codes
ii) Roles and Obligations of TC Advisers

Module 2 – Kickstarting the Offer Phase
i) Preparing for the Announcement and Commencement of the Offer Period
ii) Performing During the Offer Period

Module 3 – The Dos and Don’ts Following the End of an Offer Period
i) Closing Date and Following the End of the Offer Period
ii) Dealing Disclosures and Restrictions Following the End of the Offer Period

Final Assessment (15 questions with 80% as the passing marks)

Who should attend

1) Those who have no or limited knowledge but would like to be involved in a Takeover transaction
2) Existing practitioners who would like to refresh their knowledge on the requirements and procedures of Takeover offers, including but not limited to, directors of offeree and offeror companies, advisers and their compliance team, and other concert parties
3) LE Paper 17 examination candidates
4) Anyone who is interested in knowing the topic