14. Reference Infrastructure Sharing Offer (RISO) 1) A RISO shall adhere to, and incorporate the general principles for Access Agreements, in accordance to Article 6 of this Directive, and the provisions set forth in this Directive. 2) All Telecommunications Operators which the Authority has determined to have SMP in one or more markets for Access Services shall file a RISO with the Authority for approval. A RISO shall be filed not later than thirty (30) working days after being directed to do so by the Authority. 3) The Authority shall have not more than twenty (20) working days to review a proposed RISO and decide whether it shall approve it for publication, or intervene to change the terms and conditions of a proposed RISO. If the Authority does not reject the request for approval, or intervene to change the proposed RISO within the twenty (20) working days period, a proposed RISO shall be deemed approved. 4) An approved RISO remains in effect until a modified RISO is approved, unless otherwise determined by the Authority. An approved RISO shall be published on the Authority’s website. 5) An Access Provider with an approved RISO shall file an amended RISO with the Authority for approval. 6) The Authority shall, within ten (10) working days, review a modified RISO and decide whether it shall approve it for publication. If the Authority does not reject the request for approval, or does not intervene to order changes to a filed modified RISO within the ten (10) working day period, a modified RISO shall be deemed approved. 7) The Authority may intervene to order modifications to the terms and conditions of a filed or approved RISO, at its own discretion, or following a request from a Telecommunications Operator, if: a) A RISO or any provision thereof, is inconsistent with provisions in the Proclamation, this Directive, or any applicable Directive adopted by the Authority, or, b) The Authority considers that it is in the public interest for it to intervene. 8) If the Authority decides to intervene to order changes to a filed, or approved RISO, it shall determine the appropriate modifications in a transparent manner, in accordance with Articles 36 and 37 of the Proclamation, and adhere to the following procedure: a) Issue a Public Notice, informing interested parties that it is initiating a regulatory proceeding to order amendments to a RISO. The Notice shall be accompanied by a clear statement indicating which provision in the RISO, and why, is either: i). Inconsistent with provisions in the Proclamation; ii). Inconsistent with provisions in this Directive; iii). Inconsistent with provisions in any applicable Directive adopted by the Authority; or, iv). Not in the public interest. 8

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