Telecommunications Ordinance Part 5B 5B-12 Section 32I Cap. 106 persons connected as mentioned in paragraph (b) is qualified to participate in the auction or tender; (d) a bidder or tenderer (including a prospective bidder or tenderer, or a person acting on behalf of a bidder or tenderer or prospective bidder or tenderer) shall lodge with, or otherwise provide to, the Authority security of such type and value as the Authority specifies, whether by notice published in the Gazette or otherwise (which value may be calculated by reference to a percentage of the minimum fee mentioned in subsection (4)(a)); (e) that a bid or tender may not be withdrawn by the bidder or tenderer except with the consent in writing of the Authority and for a reason specified in the notice; (f) that the Authority may disqualify a bid or tender, or a bidder or tenderer, for a reason specified in the notice; (g) that the Authority— (i) may forfeit to the Government, or otherwise enforce, a security mentioned in paragraph (d) (including any interest earned thereon), whether in whole or in part, for a reason specified in the notice; (ii) subject to subsection (6), may cancel, withdraw or suspend a licence— (A) where section 7(12) applied to the issue of the licence or section 32H(6) applied to the assignment under section 32H(1) of the spectrum to which the licence relates; and (B) for a reason specified in the notice; (iii) may specify requirements which have the purpose or effect of promoting or ensuring that the auction Last updated date 2.8.2012