The Wireless Telegraphy (Licence Award) Regulations 2025
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Change 1
31 Failure to specify a target number of lots on the auction system within the time period for bidding in a round
(1) This paragraph applies to a bidder if, in relation to any lot type, that bidder— (a) has not specified on the auction system within the time period for bidding the target number of lots which it wishes to bid for; (b) that bidder had a notified posted demand number of zero for that lot type following the most recent round; and if (c) OFCOM have not sent a notification to that bidder under regulation 56(1), 124(1) and 128(3). (2) A bidder to which paragraph (1) applies shall be deemed to have submitted a set of bids to maintain demand for that lot type. (3) This paragraph applies to a bidder if, in relation to any lot type, that bidder— (a) has not specified on the auction system within the time period for bidding the target number of lots which it wishes to bid for; (b) that bidder had a notified posted demand number of one or more lots of that type after the most recent round; and if (c) OFCOM have not sent a notification to that bidder under regulation 56(1), 124(1) and 128(3). (4) A bidder to which paragraph (3) applies— (a) shall be deemed to have selected a target number of zero lots and nominated the opening price; and (b) that bidder shall be deemed to have submitted a simple set of bids to decrease demand for that lot type.
31 Failure to specify a target number of lots on the auction system within the time period for bidding in a round
(1) This paragraph applies to a bidder if, in relation to any lot type, that bidder— (a) has not specified on the auction system within the time period for bidding the target number of lots which it wishes to bid for; (b) that bidder had a notified posted demand number of zero for that lot type following the most recent round; and if (c) OFCOM have not sent a notification to that bidder under regulation 56(1), 124(1) and 128(3). (2) A bidder to which paragraph (1) applies shall be deemed to have submitted a set of bids to maintain demand for that lot type. (3) This paragraph applies to a bidder if, in relation to any lot type, that bidder— (a) has not specified on the auction system within the time period for bidding the target number of lots which it wishes to bid for; (b) that bidder had a notified posted demand number of one or more lots of that type after the most recent round; and if (c) OFCOM have not sent a notification to that bidder under regulation 56(1), 124(1) and 128(3). (4) A bidder to which paragraph (3) applies— (a) shall be deemed to have selected a target number of zero lots and nominated the opening price; and (b) that bidder shall be deemed to have submitted a simple set of bids to decrease demand for that lot type.
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