Regulation 22 Valid bids

(1)

A bid shall only be taken into consideration for the purposes of determining—

(a)

the bid total in accordance with regulation 18(1);

(b)

the winning bid in accordance with regulation 30(2); and

(c)

the licence fee payable by the winning bidder in accordance with regulation 30(5)

if it satisfies the conditions set out in paragraph (2) (“valid bid”).

(2)

The conditions are that—

(a)

the bid is made on a bid form that has been completed in accordance with regulation 16(1);

(b)

the bid is submitted in accordance with the restriction set out in regulation 16(3);

(c)

the bidder complies with regulation 19 and 21;

(d)

the completed bid form is submitted to OFCOM in accordance with regulation 24(1) and is received by OFCOM in accordance with regulation 24(2); and

(e)

if regulation 26 applies, the bid is not rejected in accordance with regulation 26(3).