The Association of British Insurers

2026/6

THE ASSOCIATION OF BRITISH INSURERS

Under paragraph (iv) of section 4(a) of the Introduction to the Takeover Code, the Association of British Insurers (the "ABI") is one of the "nominating bodies" which appoints a member of the Takeover Panel.  In view of the fact that its policy work focuses on industry-wide investment matters rather than shareholder interests specifically, the ABI has requested that it ceases to be a nominating body. 

Accordingly, the Panel has today published on its website Instrument 2026/1, which amends section 4(a) of the Introduction to the Code, with effect from 1 May 2026, so as to remove the reference to the ABI and to make other minor amendments to section 4(a) of the Introduction to the Takeover Code.

The Takeover Code website will be updated to reflect these amendments.  However, in view of the minor nature of the amendments, hard copies of the revised pages of the Code are not being printed at this time.

1 May 2026