The Wireless Telegraphy (Licence Award) Regulations 2018

Refunds

109.  Where, following the grant of licences, the total amount a bidder has on deposit at that time is an amount that is greater than the total auction sum payable by that bidder to OFCOM, OFCOM shall refund to that bidder a sum in pounds which is the difference between—

(a)the amount which is the total auction sum payable by that bidder to OFCOM (if any); and

(b)the amount the bidder has on deposit.