PART TWO ROLE OF THE AUTHORITY 5. Role of The Authority 1) The Authority shall: a) Provide a high degree of certainty on the standards and procedures to define relevant markets, designate operators with SMP, investigate and decide on allegations of an operator’s anti‐competitive conduct or practices, and review and decide on mergers and acquisitions affecting Telecommunications Operators; b) Perform a Market Review every three (3) years; c) Monitor competition in Telecommunication Services, and from time to time, define relevant markets, and designate operators with Significant Market Power in those markets; d) Review and decide on Mergers and Acquisitions Notifications affecting Telecommunications Operators; e) Endeavor to maintain or enhance, competition in Telecommunications Services. 2) The Authority may: a) Intervene on its own motion, or in response to a petition filed by an interested party, to investigate whether a Telecommunications Operator has engaged in any conduct or practice that has the purpose or effect, of substantially lessening competition in a market for Telecommunications Services; b) As a consequence of a Market Review proceeding, or from an investigation of an operator’s alleged anti‐competitive conduct or practice, or if required, as a consequence of a review of a Mergers and Acquisitions Notification, impose remedies or sanctions on operators, with the intention of preserving competition, or preventing operators from engaging in anti‐competitive conduct or practices. PART THREE RELEVANT MARKET AND MARKET REVIEW 6. Determination of Relevant Markets 1) The Authority may define relevant markets for Telecommunications Services if: a) It decides to intervene, on its own motion, or in response to a petition filed by any interested party, to initiate a Market Review to identify markets susceptible to regulation, identify operators with SMP in those markets, and if applicable, impose obligations on those operators; or, b) It decides to intervene, on its own motion, or in response to a petition filed by any interested party, to investigate whether an operator has engaged in conduct or practice that has the purpose or effect, of substantially lessening competition in a market for Telecommunications Services; or, c) In response to a Merger and Acquisitions Notification, the Authority decides to initiate a regulatory proceeding to determine whether the proposed merger or 5