# The Wireless Telegraphy (Licence Award) (Cardiff) Regulations 2008, Regulation 21: Amount of bids


(1) A bid made during the first round shall be at an amount in whole pounds that is—
(a) at least ten thousand pounds; and
(b) not more than the amount of the round price for the first round.
(2) A bid made during a subsequent round shall be at an amount in whole pounds that is—
(a) more than the amount of the round price for the preceding round; and
(b) not more than the amount of the round price for that round.

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Source: https://www.legislation.gov.uk/uksi/2008/3190/regulation/21 (the official version)
Page: https://openlegislation.uk/wireless-telegraphy-licence-award-cardiff-regulations-2008/regulation-21
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.