Regulation 2
Exemption from notice requirement in section 26B(1) of Act
of Postal Services (Exemption from Section 26B) Order 2017
Subsidiary LegislationIn forceProvision 2 of 4
Regulation 2
A designated postal licensee is exempt from the requirement in section 26B(1) of the Act to give notice in respect of any person who, because of a pro forma transaction within the meaning of paragraph 4 —
(a)
acquires 5% or more but less than 12% of the voting shares in the designated postal licensee; or
(b)
controls 5% or more but less than 12% of the voting power in the designated postal licensee.