353 Changes of control of Channel 5
Communications Act 2003 (2003 c 21) | Legislation

353  Changes of control of Channel 5

(1)     The regulatory regime for Channel 5 includes, in every case where it is provided by a body corporate—

(a)     a condition requiring the licence holder to give OFCOM advance notification of any proposals known to the body that may give rise to a relevant change of control; and

(b)     a condition requiring the licence holder to provide OFCOM, in such manner and at such times as they may reasonably require, with such information as they consider necessary for the purposes of exercising their functions under this section and section 354.

(2)     OFCOM must carry out a review where—

(a)     they receive notification, in accordance with a condition of the licence to provide Channel 5, of proposals that may give rise to a relevant change of control; or

(b)     a relevant change of control takes place (whether or not that change has been previously notified to OFCOM).

(3)     The review

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