(1)

(a) The Panel may of its own volition or on the application of any interested person make a ruling as to whether any activity or proposed activity, as respects a takeover or other relevant transaction, complies with the scheduled principles and any rules under section 8, and any such ruling shall have immediate effect.

(b) The Panel may publish, in such manner as it thinks fit, any ruling made by it under this section.

(2)

(a) For the purpose of ensuring that the scheduled principles and any rules under section 8 are complied with as respects the manner in which a takeover or other relevant transaction is conducted, the Panel may give a direction to any party to the takeover or other relevant transaction to do or to refrain from doing anything which the Panel specifies in the direction.

(b) The Panel may publish, in such manner as it thinks fit, any direction given by it under this section.