Postal Services Act, 1998 (Act No. 124 of 1998)RegulationsPrice Cap Amendment Regulations for Reserved Postal Services, 20215. Addition of Services |
| (1) | Subject to regulations 5(2) and 5(3) of these Regulations, the Licensed Operator may add a new product forming part of the reserved postal services. |
| (2) | A new product or service constitutes features and functionalities that are not provided in any products or services that are within the Licensed Operator's existing portfolio of products and services. |
| (3) | The Licensed Operator must furnish satisfactory, cost-related evidence, to support its fees and charges application for new products and services. Cost-related evidence must be reconcilable to financial statements submitted by the Licensed Operator to the Authority. |
| (4) | The Authority shall inform the Licensed Operator in writing of its approval or disapproval of an addition of a postal product or service contemplated in regulation 5(3) of these Regulations at least ten (10) business days before the proposed date on which such product or service will be implemented. |