(1) The Irish Takeover Panel Act 1997, Takeover Rules 2001 to 2005 shall, in so far as they do not already apply to bids in relation to each Directive company, apply to bids in relation to each such company, but subject to the amendments mentioned in paragraph (2).

(2) The foregoing rules are amended in the manner specified in the Schedule.

(3) In this Regulation "Directive company" means a company a bid in respect of which the Panel has (by virtue of Regulation 6) jurisdiction to supervise.