AMENDMENTS TO THE SECURITIES AND EXCHANGE COMMISSION RULES AND REGULATIONS ON MERGERS, ACQUISITIONS, RECONSTRUCTIONS AND TAKEOVERS.

On 30 August 2021, the Securities and Exchange Commission released new rules and amendments to the SEC Rules and Regulations 2013 (as amended) relating to mergers, acquisitions, divestments, share capital reconstructions and takeovers. The amendments (i) are consequential on the changes introduced by the Federal Competition and Consumer Protection Act 2019 which repealed the provisions of the Investment and Securities Act 2007 (the ISA) and took away mergers and acquisitions from the regulatory purview of the SEC and (ii) expressly provide for rules on corporate restructuring and share reconstructions

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