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Applications for approval under section 30B of Act

Electricity (Control of Designated Electricity Licensees, etc., under Part 4A) Regulations

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—(1) An application for approval under section 30B(3) of the Act must —(a)be made by the acquiring party; and(b)contain any information that the Authority may require, including —(i)the name, address and contact information of —(A)the acquiring party; and(B)where the person mentioned in sub-paragraph (A) is an entity, a director or other officer of that person;(ii)any anticipated significant changes in the management or operations of the designated electricity licensee, the designated entity or the designated business trust;(iii)the percentage of equity interest held by the acquiring party;(iv)the percentage of voting power controlled by the acquiring party;(v)any special or preferential rights that have already been granted to the acquiring party;(vi)the percentage of equity interest the acquiring party will hold if the application is approved;(vii)the percentage of voting power the acquiring party will control if the application is approved; and(viii)any special or preferential rights that will be granted to the acquiring party if the application is approved.(2) An application for approval under section 30B(3A) of the Act must —(a)be made by the divesting party; and(b)contain any information that the Authority may require, including —(i)the name, address and contact information of —(A)the divesting party; and(B)where the person mentioned in sub-paragraph (A) is an entity, a director or other officer of that person;(ii)any anticipated significant changes in the management or operations of the designated electricity licensee, the designated entity or the designated business trust;(iii)the percentage of equity interest held by the divesting party;(iv)the percentage of voting power controlled by the divesting party;(v)any special or preferential rights that have already been granted to the divesting party;(vi)the percentage of equity interest the divesting party will hold if the application is approved;(vii)the percentage of voting power the divesting party will control if the application is approved; and(viii)any special or preferential rights that will be granted to the divesting party if the application is approved.(3) An application for approval under section 30B(4) of the Act must —(a)be made jointly by —(i)the acquiring party; and(ii)the designated electricity licensee, the designated entity or the trustee-manager of the designated business trust (as the case may be) concerned; and(b)contain any information that the Authority may require, including —(i)the name, address and contact information of —(A)the acquiring party; and(B)where the person mentioned in sub-paragraph (A) is an entity, a director or other officer of that person; (ii)any anticipated significant changes in the management or operations of the designated electricity licensee, the designated entity or the designated business trust;(iii)the percentage of equity interest held by the acquiring party;(iv)the percentage of voting power controlled by the acquiring party;(v)any special or preferential rights that have already been granted to the acquiring party;(vi)the percentage of equity interest the acquiring party will hold if the application is approved;(vii)the percentage of voting power the acquiring party will control if the application is approved; and(viii)any special or preferential rights that will be granted to the acquiring party if the application is approved.

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