SECTION 2Withdrawal of Standing High Bid Status
Withdrawal of standing high bid status
47.—(1) In any principal stage round except the first one, a bidder may indicate on its principal stage form that it wishes to withdraw the standing high bid status of the bids which OFCOM assigned standing high bid status following the most recent round in accordance with this regulation.
(2) Where a bidder withdraws the standing high bid status of bids in a round, the bids which had such standing high bid status will not be considered by OFCOM for the assignment of standing high bid status after that round.
(3) A bidder may withdraw the standing high bid status of bids for one or both types of lot.
(4) Where a bidder withdraws the standing high bid status of bids for a type of lot, it shall withdraw the standing high bid status of all of its bids for that type of lot.
(5) A bidder may only withdraw the standing high bid status of bids for a type of lot in a principal stage round if each of the following applies—
(a)following the end of the most recent round, OFCOM assigned standing high bid status to some but not all of the bidder’s principal stage bids for lots of that type made in the latest round in which the bidder made bids for lots of that type;
(b)the bidder makes no valid principal stage bids for lots of that type in the current round;
(c)the bidder has not withdrawn the standing high bid status of bids for lots of either type on five previous occasions.