Regulation 115 Further payment where the amount of a winning bidder’s deposit is less than its total auction sum

Where, after the notification given in accordance with regulation 114, the total amount that a winning bidder has on deposit is an amount that is less than the total auction sum payable by that bidder to OFCOM, the bidder must pay into OFCOM’s bank account, with accompanying information which identifies the bidder, the sum in pounds which is the difference between such amount and the amount the bidder has on deposit, by a deadline specified by OFCOM.