Section 8 of the Act of 1997 is amended -

(a) in subsection (1), by substituting "subsections (2), (3), (4) and (7A) to (7D)" for "subsections (2), (3) and (4)", and

(b) by inserting after subsection (7) the following subsections:

"(7A) The power to make rules under this section includes the power to make provision in such rules to give effect to -

(a) a provision of the treaties of the European Communities, or

(b) an act adopted by an institution of those Communities.

(7B) Nothing in the European Communities (Takeover Bids (Directive 2004/25/EC)) Regulations 2006 (S.I. No. 255 of 2006) (referred to subsequently in this section as the 'Regulations') -

(a) prejudices the future exercise of the power of the Panel to make rules under this section for the purpose of giving effect to Directive 2004/25/EC [OJ L142, 30.04.2004, p.12] of the European Parliament and of the Council of 21 April 2004 on takeover bids (or any other act adopted by an institution of the European Communities),

(b) prevents the Panel from making like provision in rules under this section to that which was made by Regulation 11 of, and the Schedule to, the Regulations.

(7C) The Panel may, by rules under this section, revoke -