Regulation 21 Determination of overall bid constraints
Before the first principal stage round OFCOM shall—
determine for each bidder; and
notify to each bidder an overall bid constraint.
The overall bid constraint may be different for each bidder.
The overall bid constraint shall be expressed as a number of frequencies in MHz and shall be calculated in accordance with paragraphs (4) and (5).
The number referred to in paragraph (3) shall be calculated in accordance with the formula 340 MHz – z rounded down to the nearest multiple of 5 MHz, where z is the total in MHz of the bidder's recorded overall spectrum holdings.
Where the number of MHz resulting from the calculation referred to in paragraph (4) is higher than 190 MHz, the number shall be 190 MHz and not that higher number.
A bidder's overall bid constraint shall not change during the principal stage.