225 Application for review of financial terms of replacement licences

Reviews relating to licensing of Channels 3 & 5 . . .

225  Application for review of financial terms of replacement licences

(1)     The holder of a replacement licence granted under section 215 or 221 may apply to OFCOM, at any time in the first or any subsequent review period, for a review of the financial terms on which that licence is held.

(2)     For the purposes of this section the first review period is the period which—

(a)     begins four years before the first notional expiry date; and

(b)     ends with the day before the day that OFCOM have determined to be the one by which they would need to publish a tender notice if they were proposing to grant a fresh licence to take effect from the first notional

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