Regulation 18 Number of primary bid rounds
After each primary bid round, OFCOM shall determine in respect of each band whether the total number of lots in the band included in selections of lots in valid primary bids submitted during that round (“bid total”) is greater than the available total for the band.
Where for each band the bid total is not greater than the available total—
there shall be no further primary bid rounds; and
there shall be a supplementary bids round.
Where for at least one band the bid total is greater than the available total, there shall be another primary bid round unless OFCOM determine, in accordance with paragraph (4), that there shall be no further primary bid rounds.
OFCOM shall only make such a determination where they are satisfied that it is unlikely that the information that would be made available to bidders by OFCOM in accordance with regulation 32 following any further primary bid rounds would affect—
the determination of the winning combination of principal stage bids in accordance with regulation 41;
the determination of the base price payable by a winning bidder in accordance with regulation 42.
Where OFCOM have determined under paragraph (3) that there shall be no further primary bid rounds, there shall be a supplementary bids round.