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.
For the purposes of this section the first review period is the period which—
For the purposes of this section a subsequent review period in the case of a replacement licence is so much (if any) of the following period as falls before the end of the initial expiry date for that type of licence , namely, the period which—
A determination for the purposes of subsection (2)(b) or (3)(b) in respect of a replacement licence—
No application under this section for a review of the financial terms on which a replacement licence is held is to be made—
For the purposes of this section an application for a review under section 226 is pending from the time when the application is made until the end of the day on which OFCOM's determination on the review is notified to the licence holder.
In this section—
In subsection (7) "existing licence" has the same meaning as in section 215 or (as the case may be) 221.