OpenLegislation

Regulation 24 Valid primary bids

Original text. Later amendments are not shown.

(1)

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

(a)

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

(b)

the winning combination of principal stage bids in accordance with regulation 41;

(c)

the base price payable by a winning bidder in accordance with regulation 42;

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

(2)

The conditions are that—

(a)

the primary bid is made on a primary bid form that has been completed in accordance with regulation 15(3);

(b)

the primary bid is submitted in accordance with the restriction set out in regulation 15(6);

(c)

the primary bid complies with the restrictions set out in regulation 15(4) and (7) and with the requirement set out in regulation 15(5); and

(d)

the completed primary bid form is submitted to OFCOM in accordance with regulation 28(1) and is received by OFCOM in accordance with regulation 28(2).