Under the new 1922 Committee rules five candidates do not meet the threshold and will not qualify… yet. They have until Monday…

UPDATE: Official Statement:

Following meetings of the 1922 Executive Committee and the Conservative Party Board today, the rules on how the Conservative Party leadership contest will proceed have been agreed.

After the Prime Minister formally steps down as Leader of the Conservative & Unionist Party, the process to elect a new Leader will begin. The Rt Hon Theresa May MP will remain Acting Leader of the party until a successor is appointed.

1. A call for candidates will be made at 5pm on Friday 7^th June 2019. Nominations will be received from 10am Monday 10^th  June and will close at 5pm on the same day.
2. Candidates will be required to submit a nomination including a proposer, a seconder and six other Members of Parliament supporting their candidacy.
3. Ballots of MPs will then be held over the course of the following two weeks.
4. After the first ballot, any candidate receiving sixteen votes or fewer will be eliminated.
5. After the second ballot, any candidate receiving thirty two votes or fewer will be eliminated.
6. If the ballot thresholds are met by all candidates, then the candidate with the lowest number of votes will be eliminated.
7. Balloting will continue until two candidates remain.
8. The first ballot will take place on Thursday 13^th June, from 10am to 12pm. Further ballots are scheduled for 18^th June, 19^th June and 20^th June.

The Rt Hon Dame Cheryl Gillan MP and Charles Walker OBE MP will act as returning officers for the election.

Once the parliamentary process is completed, CCHQ will assume responsibility for the administration of hustings and the vote of the Conservative Party membership. This stage of the process will be completed in the week beginning Monday 22^nd  July, with the first membership hustings planned for the 22^nd June. Further details will be published in due course.