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24.—(1) A primary bid shall only be taken into consideration for the purposes of determining—
(a)the number of primary bid rounds in accordance with regulation 18;
(b)the round prices for primary bid rounds in accordance with regulation 19;
(c)the winning combination of auction stage bids in accordance with regulation 41; and
(d)the winning price payable by a winning bidder in accordance with regulation 43;
if it is a primary bid which satisfies the conditions set out in paragraph (2) (“valid primary bid”).
(2) The conditions are that—
(a)the primary bid is made on a primary bid form that has been completed in accordance with regulation 15(3);
(b)the primary bid is submitted in accordance with the restriction set out in regulation 15(4);
(c)the primary bid complies with the restriction set out in regulation 15(5); and
(d)the completed primary bid form is submitted to OFCOM in accordance with regulation 28(1) and is received by OFCOM in accordance with regulation 28(2).
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