# The Wireless Telegraphy (Licence Award) (No. 2) Regulations 2007, Paragraph 1


(1) OFCOM shall determine a base price for each winning principal stage bid by imposition of the requirements that the base prices must satisfy that are set out in paragraphs 2 to 5.
(2) Where a base price so determined includes a fraction of a pound, the base price shall be that price rounded up to the nearest pound.

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Source: https://www.legislation.gov.uk/uksi/2007/3380/schedule/8/paragraph/1 (the official version)
Page: https://openlegislation.uk/wireless-telegraphy-licence-award-no-2-regulations-2007/schedule-8/paragraph-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.