# The Wireless Telegraphy (Licence Award) Regulations 2018, Regulation 27: Principal stage bids


(1) Each principal stage bid is a bid for the inclusion in a licence of one lot of a particular type at the round price for a lot of that type or, in the circumstances described in paragraph (2), at twice the round price for a lot of that type.
(2) The circumstances are where the principal stage bid becomes a winning principal stage bid after withdrawal of that bid's standing high bid status in accordance with regulation 39 or 40.

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Source: https://www.legislation.gov.uk/uksi/2018/86/regulation/27 (the official version)
Page: https://openlegislation.uk/wireless-telegraphy-licence-award-regulations-2018/regulation-27
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.