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Regulation 11 Provisional award notice and sums payable

Original text. Later amendments are not shown.

(1)

Where the number of bidders is seven or fewer, OFCOM shall give a provisional award notice to each bidder containing —

(a)

a draft of the licence which the bidder is provisionally awarded;

(b)

a statement of the licence fee;

(c)

the sum which the bidder shall pay to OFCOM; and

(d)

the latest time by which the bidder must pay that sum.

(2)

The licence fee in respect of each licence shall be fifty thousand pounds;

(3)

The sum which each bidder shall pay to OFCOM shall —

(a)

where its initial deposit has not been forfeited in accordance with regulation 31, be a sum equal to the licence fee less the initial deposit; and

(b)

where its initial deposit has been so forfeited, be a sum equal to the licence fee.

(4)

OFCOM shall publish on their internet website the identity of the bidders to whom licences have been provisionally awarded.