Regulation 14 Determination of number of biddersI1

United Kingdom

(1)

An applicant may not withdraw from the award process after the last day for withdrawal.

(2)

After the last day for withdrawal, OFCOM shall determine the number of bidders.

(3)

Where there are no bidders, OFCOM shall complete the award process by refunding to applicants which were not qualified, or withdrew in accordance with regulation 13, their initial deposit (where such deposit has not been forfeited) but not any interest which has accrued on the deposit.

(4)

Where there are one or more bidders—

(a)

OFCOM shall refund to applicants which were not qualified, or withdrew in accordance with regulation 13, their initial deposit (where such deposit has not been forfeited) but not any interest which has accrued on the deposit; and

(b)

OFCOM shall grant licences in accordance with the procedure set out in these Regulations.

(5)

OFCOM shall publish the names of the bidders on OFCOM's website.

Annotations

Commencement

I1: Reg. 14 in force at 18.11.2020, see reg. 1(1)