231 Replacement of Channel 4 licence

Replacement of Channel 4 licence

231  Replacement of Channel 4 licence

(1)     On the commencement of this subsection—

(a)     Channel 4 shall cease to be licensed under the licence in force for the purposes of section 24(3) of the 1990 Act immediately before the commencement of this subsection; and

(b)     a licence granted for those purposes in accordance with the following provisions of this section shall come into force as the licence under which Channel 4 is licensed.

(2)     It shall be the duty of OFCOM, as soon as practicable after the television transfer date—

(a)     to prepare a draft of a licence under Part 1 of the 1990 Act to replace the licence that is likely to be in force for the purposes of section 24(3) of the 1990 Act when subsection (1) of this section comes into force;

(b)     to notify C4C of the terms

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