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The Wireless Telegraphy (Licence Award) Regulations 2012
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- UK Statutory Instruments
- 2012 No. 2817
- PART 3
- Regulation 15
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Determination of bidder’s eligibility limit for the opt-in round and first primary bid round
15.—(1) After the deadline specified in regulation 14(2), OFCOM shall determine each bidder’s eligibility limit for the opt-in round (if the bidder has stated that it wishes to bid in that round) and for the first primary bid round in accordance with the requirements of this regulation.
(2) OFCOM shall divide by one hundred thousand the total amount of pounds that the bidder has on deposit (including the initial deposit and any additional sum paid under regulation 14).
(3) Where the number that results from the calculation in paragraph (2) is not a whole number, that number shall be rounded down to the nearest whole number.
(4) The eligibility limit shall be that whole number.
(5) Where a bidder’s eligibility limit calculated in accordance with this regulation is less than one point, that bidder shall be excluded from the award process and shall not receive a refund of any sums which the bidder has paid as a deposit under these Regulations, which shall (where not already forfeited) be forfeited together with any interest which has accrued on the deposit.
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