Regulation 41 Criteria for determining if a set of bids to decrease demand is to be removed or accorded reduced status

When determining if a set of bids to decrease demand on the ranking list is to be removed or accorded reduced status, OFCOM shall carry out the steps in paragraphs (2) to (9).

In relation to the lot type in question, if the current excess demand is zero or less than zero, the set of bids shall not be removed from the ranking list.

If the current excess demand is greater than zero, then the set of bids shall be removed if the condition in paragraph (4) is satisfied.

The condition is that if the target number of lots for the set of bids in question were to replace the currently selected demand for lots of that type for the bidder in question and the current excess demand for all bidders were to be recalculated on that basis, the recalculated current excess demand would be zero or greater than zero.

If a set of bids is removed OFCOM shall change the currently selected demand for the bidder in question for the relevant lot type to the target number of lots of that type for the set of bids which has been removed.

Subject to paragraph (8), if the set of bids is not removed, OFCOM shall consider whether that set of bids is to be accorded reduced status.

That set of bids shall be accorded reduced status if current excess demand across all bidders for the lot type in question is greater than zero.

If an all or nothing set of bids to decrease demand is not removed, it shall not be accorded reduced status.

If a set of bids is accorded reduced status—