Regulation 56 Deposit constraint on bidding
Where, after the end of a principal stage round, OFCOM has notified a bidder under regulation 55(5) that it has not complied with the requirement to pay a further sum as a deposit, that bidder—
may not bid in the next principal stage round nor in any subsequent principal stage rounds;
shall be deemed in future principal stage rounds:
to have submitted a bid to maintain demand, in respect of a lot type for which it had a notified posted demand of zero following the most recent round; or
to have submitted a simple set of bids to decrease demand, selected a target number of zero lots and nominated the opening price, in respect of a lot type for which it had a notified posted demand greater than zero following the most recent round.
may not submit an assignment stage form in any assignment stage round and shall be deemed to have made a valid assignment stage bid with a value of zero pounds for each of its assignment stage options.
Such a bidder shall not be excluded from the award process for that reason.
Any principal stage bids made by that bidder may become winning principal stage bids in accordance with regulation 59.