Irish Takeover Panel Act, 1997

Duty of Panel to monitor and supervise takeovers, etc.

7.—(1) The Panel shall monitor and supervise takeovers and other relevant transactions so as to ensure that the provisions of this Act and any rules under section 8 are complied with as respects each such transaction.

(2) Nothing in this section shall be construed as imposing on the Panel, either directly or indirectly, any form of duty or liability enforceable by proceedings before any court to which it would not otherwise be subject.

(3) The Minister may, after consultation with the Panel, by regulations, amend the Schedule to this Act by adding or deleting anything to or from that Schedule .