Welcome to The Panel

The Takeover Regulation Panel (the Panel) is established in terms of section 196 of the Companies Act No 71 of 2008 (the Act) as a juristic person. The Panel reports to the Minister of Trade Industry and Competition (the dtic).

It functions as an organ of state within the public administration, but as an institution outside the public service.

Functions of The Panel

The Panel must regulate any affected transaction or offer in accordance with Part B, Part C and the Takeover Provisions, but without regard to the commercial advantages or disadvantages of any transaction or proposed transaction, in order to –

ensure the integrity of the marketplace and fairness to the holders of the securities of regulated companies;

Powers of The Panel

The Panel comprises –

the Commissioner, or a person designated by the Commissioner;
the Commissioner of the Competition Commission established by section 19 of the Competition Act, or a person designated by that Commissioner;