What authority does the Takeover Code give to the panel?

The Takeover Code establishes the Takeover Panel as an authority responsible for regulating and overseeing mergers and acquisitions in the UK. One of the key powers granted to the Panel under this code is the ability to apply to the courts for the enforcement of its rules. This means that if a party does not comply with the regulations set forth in the Takeover Code, the Panel has the authority to initiate court actions to ensure adherence to these regulations.

This authority underscores the Panel's role in maintaining order and fairness in the takeover process, ensuring that all parties are treated equitably and that the principles of the code are upheld. By having the power to seek judicial enforcement, the Panel can effectively safeguard the interests of shareholders and other stakeholders involved in the takeover process.

While other options mention responsibilities or powers that could be relevant in the broader context of corporate governance and transactions, they do not align with the specific authority granted to the Takeover Panel under the Takeover Code itself.