S.L. 254.1 Art. 64IAccounting separation.

(1) Without prejudice to the provisions of article 23 of the Act, in accordance with regulation 64D and with any directives as the Authority may issue, a postal operator designated as having significant market power in a relevant postal services market is required to keep separate accounts within its accounting system.

(2) An internal accounting system as referred to in sub-regulation (1) shall operate on the basis of consistently applied and objectively justifiable cost accounting principles: Provided that the Authority may specify the format and accounting methodology to be used by a postal operator found to have significant market power.

(3) Compliance with the cost accounting system, including related regulatory accounts, shall, at the choice of the Authority, be verified by the Authority or by a suitably qualified independent body approved by the Authority.

(4) The postal operator concerned shall also publish in its annual accounts a statement concerning compliance by it with any cost accounting system imposed under this regulation.