69(1)Schedule 2 to the 1990 Act (restrictions on the holding of licences) shall be amended as follows.
(2)In paragraph 1(1) of Part 1, after the definition of “associate” there shall be inserted—
““Broadcasting Act licence” means a licence under Part 1 or 3 of this Act or Part 1 or 2 of the Broadcasting Act 1996;”.
(3)In paragraph 1(6) of Part 1 (meaning of “more than a 20 per cent. interest”), for “20 per cent.”, wherever occurring, there shall be substituted “5 per cent.”.
(4)In Part 2 (disqualified persons), for “a licence granted by the Commission or the Authority”, wherever occurring, there shall be substituted “a Broadcasting Act licence”.
(5)In paragraph 1(1)(i) of Part 2 (bodies controlled by persons falling within paragraphs (a) to (g)), for “(a)” there shall be substituted “(c)”.
(6)In paragraph 3(1) of Part 2, for “by the Authority” there shall be substituted “under Part 3 of this Act or Part 2 of the Broadcasting Act 1996”.
(7)In paragraph 4(1) of Part 2, for “that body” there shall be substituted “OFCOM”.
(8)In paragraph 4(2) of Part 2—
(a)in paragraph (a), for “by the Commission, means a body” there shall be substituted “under Part 1 of this Act or Part 1 of the Broadcasting Act 1996, means a person”; and
(b)in paragraph (b), for “by the Authority, means a body” there shall be substituted “under Part 3 of this Act or Part 2 of the Broadcasting Act 1996, means a person”.
(9)In paragraph 5A of Part 2—
(a)in sub-paragraph (1)(a), the words “granted by the Commission”,
(b)sub-paragraph (1)(b) and the word “and” immediately preceding it,
(c)in sub-paragraph (2), the words “granted by the Authority”,
shall be omitted.