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Regulation 24 Determination by OFCOM of excess demand after the end of the first round

Original text. Later amendments are not shown.

(1)

After the end of the first round, OFCOM shall determine the excess demand for each lot type.

(2)

Excess demand is equal to—

(a)

the sum of posted demand numbers for that lot type across all bidders; less

(b)

the number of lots of that type which are available in the award process.