Regulation 69 Notification of results of principal stage and refund of depositsI1

United Kingdom

Following the determination of the winning principal stage bids under regulation 67, and the determination of the base price for each winning principal stage bid under regulation 68, OFCOM shall—

(a)

notify—

(i)

each winning bidder of—

(aa)

the selection of lots included in its winning principal stage bid;

(bb)

the amount of the base price for its winning principal stage bid; and

(cc)

the further sum (if any) in pounds as a deposit that it is required to pay in accordance with regulation 70 (“final principal stage deposit”); and

(ii)

all other bidders that they have not made a winning principal stage bid;

(b)

refund to applicants which were not qualified or which withdrew in accordance with regulation 12, and to bidders which were not winning bidders, any sums which they have paid as a deposit under these Regulations (where such deposits have not been forfeited), but not any interest which has accrued on the deposits.

Annotations

Commencement

I1: Reg. 69 in force at 23.11.2012, see reg. 1(1)