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33.—(1) After the end of each principal stage round, OFCOM shall assign standing high bid status to valid principal stage bids for 2.3 GHz lots and valid principal stage bids for 3.4 GHz lots in accordance with paragraphs (2) and (3).
(2) OFCOM shall assign standing high bid status for each lot type separately.
(3) OFCOM shall assign standing high bid status by—
(a)first, identifying and ranking the bidders in accordance with regulation 34;
(b)second, identifying and ranking the bids made by those bidders in accordance with regulation 35; and
(c)third, assigning standing high bid status to those bids in accordance with regulation 36.
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