2026: Navigating UK takeover regulation: principles, process and practical insights

2026: Navigating UK takeover regulation: principles, process and practical insights

£395.00 + VAT
Available
Virtual
All Locations
Valuation and corporate finance
May
18
Mon
-
Dec
31
Thu
09:30
-
PM
12:30BST
Schedule Description: Master the UK Takeover Code from strategy to execution through practical analysis, real-world case studies, and expert-led discussion.
Sessions: 0
Session Hours: 0.00
CPD hours: 3hrs

Description

Gain a practical understanding of the UK Takeover Code, from pre-bid planning to post-offer undertakings, and learn how to apply its principles confidently through real-world case studies and interactive analysis.

Please choose from the dates below to view more details.

Virtual classroom - Navigating UK takeover regulation: principles, process and practical insights
Master the UK Takeover Code from strategy to execution through practical analysis, real-world case studies, and expert-led discussion.

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WHY TAKE THIS COURSE?
With UK public company transactions under greater regulatory scrutiny than ever, understanding the Takeover Code is essential for anyone involved in mergers and acquisitions. Effective navigation of its rules ensures transparency, fairness, and compliance — all vital to maintaining market confidence.

This course provides a principle-based understanding of the UK Takeover Code and the broader regulatory framework, from pre-bid planning to post-offer undertakings. Using landmark case studies such as Shell–Cove Energy and Kraft–Cadbury, it bridges legal theory and real-world practice to help professionals anticipate challenges, mitigate risk, and deliver successful outcomes.

WHAT YOU’LL LEARN
By the end of this course, you will be able to:

• Analyse the key regulatory framework of the UK Takeover Code and the role of the Takeover Panel.
• Evaluate the stages of takeover bids using real case studies, from pre-bid secrecy to competitive auctions.
• Apply disclosure, PUSU, and offer pricing principles to real and hypothetical bid scenarios.
• Interpret the Code’s requirements around mandatory bids, frustrating actions, and post-offer undertakings.
• Integrate related regulations such as Market Abuse and Disclosure & Transparency Rules into takeover planning.
• Assess interactions with other bodies such as the CMA, Pensions Regulator, and under the National Security and Investment Act.

WHO IS THIS COURSE FOR?
Designed for finance professionals, corporate lawyers, M&A advisors, and investors involved in UK public company transactions. Ideal for those seeking a practical understanding of the UK Takeover Code, disclosure rules, and takeover processes. No prior regulatory experience required, but familiarity with general M&A concepts is helpful.

WHY CHOOSE ICAEW?
• Trusted heritage: For over 145 years, ICAEW has trained and supported the world’s leading finance professionals, setting the global benchmark for quality.
• Expert-led learning: Our courses are designed and delivered by subject matter experts, combining professional insight with real-world experience.
• Connected and relevant: With close links to government, regulators, and industry, our training reflects the latest challenges and opportunities in business and finance.
• Practical and interactive: Live, small-group learning with peer exchange ensures every programme delivers immediate workplace impact – and counts as verifiable CPD.

CPD HOURS
ICAEW's revised Continuing Professional Development (CPD) Regulations bring in new CPD requirements. This includes a minimum number of hours and an ethics requirement. Attending this course could contribute up to 3hrs of verifiable CPD, providing you can demonstrate that the content is relevant to your role.

A copy of the course booking confirmation email is accepted as evidence of verifiable CPD. You will need to save the email as a JPEG or PDF before uploading it to your record. Click here to use ICAEW’s self-assessment tool to help you work out how much CPD you will need to fulfil each year.

Course Enquiries
Contact: Events information team

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The Institute of Chartered Accountants in England and Wales (ICAEW) does not endorse or recommend any third-party products, services, or companies mentioned during this event or in related materials. References to any such products, services, or companies are for informational purposes only and do not constitute an endorsement or recommendation by ICAEW.

The views and opinions expressed by third-party speakers are their own and do not necessarily reflect the views, positions, or policies of ICAEW. ICAEW does not assume any responsibility or liability for the accuracy, completeness, or legality of the content presented by third-party speakers.

For further information or clarification, please contact ICAEW directly.

 

 

A high-impact, 3-hour course combining expert input, discussion, and applied case analysis.

Takeover Fundamentals
• Overview of takeovers: key terminology, deal types, and financing.
• Distinction between takeover offers and schemes of arrangement.
• Overview of disclosure and transparency obligations (DTRs, MAR).

The UK Takeover Code and Regulatory Framework
• Structure, purpose, and principles of the UK Takeover Code.
• Role and powers of the Takeover Panel.
• Stages of the bid timetable.
• Real-world examples of Code enforcement.
• Discussion: how the Code supports fairness and market integrity.

Case Studies and Code Application
• Case Study 1: Cove Energy — Competitive bidding, secrecy, and shareholder disclosure.
• Case Study 2: Cadbury–Kraft — Hostile bid dynamics, defence tactics, and post-offer undertakings.
• Facilitated discussion: how the Code shaped deal outcomes.

Interactive Scenarios and Wrap-Up
• Additional Code elements: mandatory bids, frustrating actions, profit forecasts, and undertakings.
• Cross-regulatory interactions: CMA, Pensions Regulator, and NSI Act.
• Interactive exercise: identifying Code breaches in a mock takeover scenario.
• Key takeaways and participant reflections.

 

Surojit Chakraverti
Suro began his career in investment banking at Citigroup, London, focusing on Industrials sectors and then advanced to senior roles at Rothschild & Co covering healthcare (Biotech, Pharmaceuticals, Diagnostic Tools and Medical Devices) followed by Redline Capital Partners, specialising in L/S public equities in Healthcare and Technology.

Suro currently manages proprietary L/S equities strategy and oversees family office investments in Indian public equities and commodities since 2009. Suro is an instructor in banking, finance and alternative investments since 2022 and conducts training in graduate programs, continuous development, corporate retreats and off sites. He is also experienced in mentoring mid and senior level professionals and has taught at academic institutions including London School of Economics.

 

Rate Cost Early Bird Pricing
ICAEW Member £295 + VAT £250.75 + VAT
Non-member £395 + VAT £335.75 + VAT

Early Bird Pricing
15% discount automatically applied on bookings made up until 6 weeks before the course date

How are the courses delivered?

All Virtual Classrooms are run by live on Zoom. These are interactive and not recorded, interaction and delegate involvement is encouraged.

When will I receive joining instructions?

You will receive a email with joining instructions after enrolling. Materials and any other resources for the course will be sent to you shortly before the course start date.

Are there breaks?

Yes, no fixed timings - will depend on the length of the course.

How do I access the course slide deck?

Depending on the course you will either be sent in the lead up to the course or after.

What if I miss the live date?

The Virtual Classrooms are not recorded so we recommend you attend all sessions.

What if I am going to be 15 minutes late?

This is not a problem, the classroom starts at the start time, but you will be let in if you are delayed for any reason. Trainers do their best to accommodate catch-up, but this is not guaranteed. Where possible please let us know of any delays so we are aware when doing role call the beginning of the session.

Can I have my colleague with me in the live course?

Yes, if you purchase a second place. Each booking is valid for one person only.

Can I record the training?

No, virtual classrooms are not recorded.

Do the courses on this programme count as verifiable CPD?

Yes, these courses contribute verifiable CPD, so long as you can demonstrate that the content is relevant to your role. Additional information about CPD can be found here: Your guide to CPD.

How many people will be on the course?

Virtual Classrooms are designed to resemble a real classroom. Therefore, group sizes vary between 6 – 22 delegates per course.

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