The Wireless Telegraphy (Licence Award) Regulations 2025
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Change 1
As published
55 Deposits during the principal stage
(1) Where, after the end of any principal stage round, the amount a bidder has on deposit with OFCOM for the purposes of the award process is less than the bidder’s financial exposure, as described in paragraph (2), OFCOM may, having regard to the desirability of securing an efficient outcome to the principal stage, notify the bidder that it is required to pay a further sum in pounds as a deposit.
(2) A bidder’s financial exposure after the end of a principal stage round shall be the amount in pounds which is equal to the sum of—
(a) that bidder’s notified posted demand number for 26 GHz lower lots, multiplied by the posted price for 26 GHz lower lots;
(b) that bidder’s notified posted demand number for 26 GHz upper lots, multiplied by the posted price for 26 GHz upper lots; and
(c) that bidder’s notified posted demand number for 40 GHz lots, multiplied by the posted price for 40 GHz lots.
(3) The further sum shall be an amount determined by OFCOM such that the total amount that the bidder is required to have on deposit is at most the amount of the bidder’s highest financial exposure after the end of any of the previous principal stage rounds before OFCOM gave notice to the bidder under paragraph (1).
(4) Any such sum must be paid into OFCOM’s bank account with accompanying information which identifies the bidder, by a deadline specified by OFCOM.
(5) Where a bidder does not satisfy the requirements set out in paragraph (4), OFCOM shall notify the bidder of that fact.
Your change, as a redline
55 Deposits during the principal stage
(1) Where, after the end of any principal stage round, the amount a bidder has on deposit with OFCOM for the purposes of the award process is less than the bidder’s financial exposure, as described in paragraph (2), OFCOM may, having regard to the desirability of securing an efficient outcome to the principal stage, notify the bidder that it is required to pay a further sum in pounds as a deposit.
(2) A bidder’s financial exposure after the end of a principal stage round shall be the amount in pounds which is equal to the sum of—
(a) that bidder’s notified posted demand number for 26 GHz lower lots, multiplied by the posted price for 26 GHz lower lots;
(b) that bidder’s notified posted demand number for 26 GHz upper lots, multiplied by the posted price for 26 GHz upper lots; and
(c) that bidder’s notified posted demand number for 40 GHz lots, multiplied by the posted price for 40 GHz lots.
(3) The further sum shall be an amount determined by OFCOM such that the total amount that the bidder is required to have on deposit is at most the amount of the bidder’s highest financial exposure after the end of any of the previous principal stage rounds before OFCOM gave notice to the bidder under paragraph (1).
(4) Any such sum must be paid into OFCOM’s bank account with accompanying information which identifies the bidder, by a deadline specified by OFCOM.
(5) Where a bidder does not satisfy the requirements set out in paragraph (4), OFCOM shall notify the bidder of that fact.
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