Rishi Sunak’s replacement as Conservative leader will be announced on 2 November, the Tory party has confirmed.
The party said the former prime minister, who led the Conservatives to their worst-ever defeat on 4 July, will remain acting leader until that date.
Nominations to succeed Mr Sunak will open on Wednesday at 7pm and will close at 2.30pm on Monday.
Following meetings between the Conservative Party board and the 1922 committee of backbench MPs, it has been decided that candidates will need the backing of at least 10 MPs – a proposer, a seconder and eight nominations to proceed to the ballot.
Tory MPs will then narrow down to four candidates, who will make their case to party members at the Conservative conference this autumn.
This breaking news story is being updated and more details will be published shortly.
Please refresh the page for the fullest version.
You can receive breaking news alerts on a smartphone or tablet via the Sky News app. You can also follow @SkyNews on X or subscribe to our YouTube channel to keep up with the latest news.