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Regulation 20 Determination of round prices for rounds

Original text. Later amendments are not shown.

(1)

In the first round, the round price shall be fifteen thousand pounds.

(2)

In subsequent rounds, the round price shall be determined by OFCOM in accordance with paragraphs (3) and (4).

(3)

The round price shall be higher than the round price in the previous round.

(4)

The round price shall not be more than twice the round price in the previous round.