Clause 9

by deleting subsections (1) and (2) and substituting the following subsections:“(1) A designated gas licensee, a designated entity or the trustee‑manager of a designated business trust must each give notice in writing to the Authority if any person acquires equity interest in the licensee, the entity or the business trust (as the case may be) whether through a series of transactions over a period of time or otherwise, that would result in that person holding 5% or more but less than 12% of the total equity interest in the licensee, the entity or the business trust, respectively.(1A) The notice under subsection (1) must be given within 5 days after the designated gas licensee, the designated entity or the trustee‑manager of the designated business trust (as the case may be) becomes aware of the acquisition mentioned in that subsection.(2) No person shall, whether through a series of transactions over a period of time or otherwise, become a 12% controller, a 30% controller or an indirect controller of a designated gas licensee, a designated entity or a designated business trust without obtaining the prior written approval of the Authority.”;

by deleting the words “, whether or not he has obtained any approval of the Authority under subsection (2) or is exempted from subsection (2) under section 63D,” in subsection (3); and

by deleting subsections (4) and (5).