OpenLegislation

Regulation 26 Provisional award notice and sums payable

Original text. Later amendments are not shown.

(1)

OFCOM shall give a provisional award notice to each bidder who submitted a winning bid (a “winning bidder”) containing —

(a)

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

(b)

a statement of the licence fee;

(c)

the sum which the winning bidder shall pay to OFCOM; and

(d)

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

(2)

The licence fee in respect of the winning bidder’s licence shall be a sum equal to the winning bid made by that winning bidder.

(3)

The sum which each winning bidder shall pay to OFCOM shall —

(a)

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

(b)

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

(4)

OFCOM shall also notify each bidder who did not submit a winning bid that it has not been provisionally awarded a licence.

(5)

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