PART 2 AUCTIONS

4 Deposits
1 The person conducting an auction—
(a) may require an account holder to pay a deposit into a nominated bank account on account of payment for allowances,
(b) may retain a deposit as payment for allowances allocated, and
(c) must repay to an account holder any part of a deposit not used to satisfy payment for allowances as soon as reasonably practicable after the close of the bidding window.
2 In paragraph (1) “bidding window” means such period as is specified in the Scheme during which an account holder may submit a bid in an auction for the allocation of an allowance.