{
  "url": "https://openlegislation.uk/wireless-telegraphy-licence-award-regulations-2025/regulation-48",
  "json_url": "https://openlegislation.uk/wireless-telegraphy-licence-award-regulations-2025/regulation-48.json",
  "legislation": "uksi/2025/669",
  "legislation_title": "The Wireless Telegraphy (Licence Award) Regulations 2025",
  "legislation_url": "https://openlegislation.uk/wireless-telegraphy-licence-award-regulations-2025",
  "path": "regulation/48",
  "kind": "regulation",
  "number": "48",
  "heading": "Determination by OFCOM of posted price",
  "text": "(1) After the completion of the selection process after the second (and after each subsequent) principal stage round, OFCOM shall determine the posted price for each lot type in accordance with paragraphs (2) to (6).\n(2) If the current excess demand for lots of a lot type is greater than zero, OFCOM shall set the posted price for that lot type equal to the clock price for that round for that lot type.\n(3) If the current excess demand for lots of a lot type is equal to zero and at least one simple set of bids to decrease demand or one all or nothing set of bids to decrease demand for that lot type has been removed or accorded reduced status, OFCOM shall set the posted price for that lot type as equal to the highest nominated price amongst the nominated prices of all simple sets of bids to decrease demand and the all or nothing sets of bids to decrease demand for that lot type which have been removed or accorded reduced status.\n(4) If the current excess demand for lots of a lot type is equal to zero and no simple set of bids to decrease demand and no all or nothing set of bids to decrease demand for that lot type has been removed or accorded reduced status, OFCOM shall set the posted price for that lot type equal to the opening price for that round for that lot type.\n(5) If the current excess demand for lots of a lot type is lower than zero, OFCOM shall set the posted price for that lot type as equal to the opening price for that round for that lot type.\n(6) The posted price for each lot type shall be the same for all bidders.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2025/669/regulation/48",
    "retrieved_at": "2026-10-28T21:15:06.977449+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}