18.—(1) Before the first principal stage round OFCOM shall—
(a)determine for each bidder; and
(b)notify to each bidder an overall bid constraint.
(2) The overall bid constraint may be different for each bidder.
(3) The overall bid constraint shall be expressed as a quantity of frequencies (a number in MHz) and shall be calculated in accordance with paragraph (4).
(4) The number referred to in paragraph (3) shall be calculated in accordance with the formula (416 MHz – z) rounded down to the nearest multiple of 5 MHz, where z is the total in MHz of the bidder's recorded existing spectrum holdings.
(5) Where the number of MHz resulting from the calculation referred to in paragraph (4) is higher than 200 MHz, the number shall be 200 MHz and not that higher number.
(6) A bidder's overall bid constraint shall not change during the principal stage.
Commencement Information
I1Reg. 18 in force at 18.11.2020, see reg. 1(1)