The 3rd July 2001, the European Parliament has rejected the proposal of the conciliation committee to protest against the refusal of the 15 Member States to take into account social concerns. The convergence of the material contents of national regulation relating to public offers will continue to the extent and with the speed that the financial markets continue to integrate. EU norm-setting could lead the way further and could also integrate social concerns into a market logic that is becoming sharper and shaper every day.
DE BEAUFORT, V. (2002). The Market will Harmonize the Rules on TOB.