(1) Where an offer document is subject to the prior approval of a competent authority in another Member State and has been so approved and is then sought to be relied upon by the offeror in the State (and the securities of the offeree company are admitted to trading in the State) the offer document shall be recognised in the State for the purposes of the Directive.

(2) In respect of such an offer document, the Panel may require that a translation of it be prepared.

(3) The Panel may also require the inclusion of additional information in such an offer document but only if such information is specific to obligations in the State and relates to the formalities to be complied with to accept the bid and to receive the consideration due at the close of the bid as well as to the taxes or charges under any enactment to which the consideration offered to the holders of the securities will be subject.