The Wireless Telegraphy (Licence Award) Regulations 2025
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Change 1
29 The set of bids to be submitted if a bidder wishes to increase demand for lots at the clock price in the current round
(1) In any principal stage round after the first round, if a bidder wishes to bid at the clock price for more lots of a particular type than the bidder’s notified posted demand number for that lot type— (a) that bidder must specify a target number of lots on the auction system (within the time period for bidding) for that lot type which is higher than the bidder’s notified posted demand number for that lot type; and (b) the set of bids which must be submitted by that bidder comprises— (i) a bid for the target number of lots at every price level that exists from and including the opening price up to and including the clock price; (ii) a bid for the quantity of lots equal to the bidder’s notified posted demand number, at every price level that exists from (and including) the opening price up to (and including) the clock price; and (iii) a bid for each number of lots which is a number of lots (if any) that exists between the notified posted demand number for that bidder for that lot type and the target number of lots, at every price level that exists from (and including) the opening price up to (and including) the clock price. (2) A bidder to which paragraph (1) applies must also nominate a price on the auction system (for the purposes of bid ranking sets of bids) which is— (a) the opening price; (b) the clock price; or (c) any price level falling within the range of prices between the opening price and the clock price. (3) A set of bids described in paragraph (1)(b) is referred to as a “set of bids to increase demand”.
29 The set of bids to be submitted if a bidder wishes to increase demand for lots at the clock price in the current round
(1) In any principal stage round after the first round, if a bidder wishes to bid at the clock price for more lots of a particular type than the bidder’s notified posted demand number for that lot type— (a) that bidder must specify a target number of lots on the auction system (within the time period for bidding) for that lot type which is higher than the bidder’s notified posted demand number for that lot type; and (b) the set of bids which must be submitted by that bidder comprises— (i) a bid for the target number of lots at every price level that exists from and including the opening price up to and including the clock price; (ii) a bid for the quantity of lots equal to the bidder’s notified posted demand number, at every price level that exists from (and including) the opening price up to (and including) the clock price; and (iii) a bid for each number of lots which is a number of lots (if any) that exists between the notified posted demand number for that bidder for that lot type and the target number of lots, at every price level that exists from (and including) the opening price up to (and including) the clock price. (2) A bidder to which paragraph (1) applies must also nominate a price on the auction system (for the purposes of bid ranking sets of bids) which is— (a) the opening price; (b) the clock price; or (c) any price level falling within the range of prices between the opening price and the clock price. (3) A set of bids described in paragraph (1)(b) is referred to as a “set of bids to increase demand”.
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