# The Wireless Telegraphy (Licence Award) (No. 2) Regulations 2006, Regulation 25: Grant of licences and payment of refunds to winning bidders


(1) After determining the winning bids and the identity of the winning bidders in accordance with regulation 24, OFCOM shall —
(a) grant each winning bidder the licence in respect of which that bidder submitted a winning bid; and
(b) refund to each winning bidder a sum calculated in accordance with paragraph (2).
(2) The sum which OFCOM shall refund to a winning bidder shall be the difference between the winning bidder’s bid deposit and the winning bidder’s winning bid.
(3) The licence fee in respect of a winning bidder’s licence shall be a sum equal to the winning bid made by that winning bidder.

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Source: https://www.legislation.gov.uk/uksi/2006/1806/regulation/25 (the official version)
Page: https://openlegislation.uk/wireless-telegraphy-licence-award-no-2-regulations-2006/regulation-25
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.