# The Wireless Telegraphy (Licence Award) Regulations 2012, Paragraph 1

Extent: E+W+S+N.I.

(1) OFCOM shall determine a base price for each winning principal stage bid by imposition of the requirements that the base prices must satisfy that are set out in paragraphs 2 to 5.
(2) Where a base price so determined is not a number of whole thousands of pounds, the base price shall be that price rounded up to the nearest number of whole thousands of pounds.

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Source: https://www.legislation.gov.uk/uksi/2012/2817/schedule/7/paragraph/1 (the official version)
Page: https://openlegislation.uk/wireless-telegraphy-licence-award-regulations-2012/schedule-7/paragraph-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.