(1) Where the European Commission decides, following a review in accordance with Article 75(2) of the Directive, not to impose a maximum mobile voice termination rate or a maximum fixed voice termination rate, or neither, the Regulator may conduct market analyses of voice termination markets in accordance with Regulation 49, to assess whether the imposition of regulatory obligations is necessary.

(2) If the Regulator imposes cost-oriented termination rates as a result of a market analysis referred to in paragraph (1), it shall follow the principles, criteria and parameters set out in Schedule 2 and its draft measure shall be subject to the procedures referred to in Regulations 17, 18 and 101.

(3) The Regulator shall closely monitor, and ensure compliance by providers of voice termination services, with the application of the European Union-wide voice termination rates set in accordance with Article 75(1) of the Directive.

(4) A provider of mobile or fixed voice termination services shall comply with Article 3 of Commission Delegated Regulation (EU) 2021/654 of 18 December 2020 [OJ L 137, 22.4.2021, p.1.].