227 Reviews under ss 225 and 226

227  Reviews under ss 225 and 226

(1)     This section applies where an application is made under section 225 or 226 for a review of the financial terms on which a licence is held.

(2)     As soon as reasonably practicable after receiving the application, OFCOM must—

(a)     determine the amount to be paid to them under the conditions of the licence for the first calendar year falling wholly or partly within the period under review to begin after the application date; and

(b)     determine the percentage to be used for computing the payments to be made to them under those conditions

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