OpenLegislation

Regulation 24 Valid primary bids

Original text. Later amendments are not shown.

(1)

A primary bid shall only be taken into consideration for the purposes of determining—

(a)

the number of primary bid rounds in accordance with regulation 18;

(b)

the round prices for primary bid rounds in accordance with regulation 19;

(c)

the winning combination of auction stage bids in accordance with regulation 41; and

(d)

the winning price payable by a winning bidder in accordance with regulation 43;

if it is a primary bid which satisfies the conditions set out in paragraph (2) (“valid primary bid”).

(2)

The conditions are that—

(a)

the primary bid is made on a primary bid form that has been completed in accordance with regulation 15(3);

(b)

the primary bid is submitted in accordance with the restriction set out in regulation 15(4);

(c)

the primary bid complies with the restriction set out in regulation 15(5); and

(d)

the completed primary bid form is submitted to OFCOM in accordance with regulation 28(1) and is received by OFCOM in accordance with regulation 28(2).