53. Takeover Principles

(1) The DFSA shall make Takeover Rules prescribing a set of Takeover principles relating to, but not limited to:
(a) treatment of shareholders and of classes of shareholders in a Takeover;
(b) adequacy of time and of information provided to shareholders to enable proper consideration of a Takeover bid;
(c) avoidance of the creation of false markets; and
(d) avoidance of oppression of minorities.
(2) A person who is involved in a Takeover of a Reporting Entity shall comply with and observe the spirit and the wording of the Takeover principles.