Graham Brady, chairman of the parliamentary panel responsible for establishing rules of the ballot announced that Boris Johnson's successor as head of the British Conservative Party is to be named on September 5.
He stated that nominations will open on Tuesday and close on Wednesday. A first round would be held to eliminate some of the 11 candidates as soon as Wednesday. The second round will be held on Thursday.
Boris Johnson was forced to resign last week by a rebellion within his government and declared that he would not be supporting any of them.
He said Monday, his first public appearance since the resignation.
As the Conservative Party has a majority in Parliament, the new leader will automatically be made Prime Minister.