OpenLegislation

Regulation 23 Winning bid and determination of licence fee

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

The winning bid shall be the highest valid bid.

(2)

In the event that there is more than one bid of equal highest value, OFCOM shall employ a method of random selection amongst those bids to determine which amongst them shall be the winning bid.

(3)

The licence fee shall be the sum equal to the amount the highest valid bid that was not the winning bid except where there are no valid bids other than the winning bid, in which case the licence fee shall be fifty thousand pounds.