PART 4BIDDING PROCEDURE

CHAPTER 4The primary bid rounds

Determination of adjusted demand

30.—(1) This paragraph applies where—

(a)there are no valid opt-in bids; or

(b)at least one opted-in bidder submitted a valid primary bid in the most recent primary bid round, and that bid was for a selection of lots which included (in addition to any other lots which were included) all of the lots comprised in one of that bidder’s valid opt-in bids.

(2) Where paragraph (1) applies, the adjusted demand for a type of lot is the total number of lots of that type selected in the valid primary bids submitted in the most recent primary bid round.

(3) Where paragraph (1) does not apply, the adjusted demand for a type of lot is the number determined in accordance with paragraph (4).

(4) The number is the total of—

(a)the number of lots of that type selected in the key bid, and

(b)the number of lots of that type selected in the valid primary bids submitted in the most recent primary bid round, but not including the valid primary bid (if any) of the bidder which submitted the key bid.

(5) The key bid shall be identified by OFCOM in accordance with regulation 31.