48.—(1) In any principal stage round except the first one, a bidder may indicate on its principal stage form that it wishes to carry forward its eligibility limit (as determined for that round in accordance with regulation 50) to the next round if the conditions set out in paragraphs (2) to (4) are met.
(2) The first condition is that the bidder does not, in the current round, do any of the following—
(a)specify a valid principal stage bid for 2.3 GHz lots on its principal stage form;
(b)specify a valid principal stage bid for 3.4 GHz lots on its principal stage form; or
(c)indicate a valid withdrawal of standing high bid status of any of its principal stage bids.
(3) The second condition is that the number of eligibility points used by the bidder in relation to the bidder’s principal stage bids to which OFCOM assigned standing high bid status after the end of the most recent round is lower than the bidder’s eligibility limit for the current round.
(4) The third condition is that carrying forward the eligibility limit would comply with the limit on the number of eligibility events set out in regulation 52(3).