OpenLegislation

Regulation 24 Grant of licence and payment of refund to winning bidder

Original text. Later amendments are not shown.

(1)

After determining the winning bid, the identity of the winning bidder and the licence fee in accordance with regulation 23, OFCOM shall—

(a)

grant the winning bidder the licence; and

(b)

refund to the winning bidder the difference between its bid deposit and the licence fee.