# The Telecommunications (Interconnection) Regulations 1997, Paragraph 2: Accounting Separation


The Licensee shall keep separate accounts, drawn up, submitted to independent audit and published, for, on the one hand, their activities related to interconnection—covering both interconnection services provided internally and interconnection services provided to others—and, on the other hand, other activities, so as to identify all elements of cost and revenue, with the basis of their calculation and the detailed attribution methods used, related to their interconnection activity, including an itemised breakdown of fixed asset and structural costs.
This requirement shall apply in any financial year in which the turnover of the Licensee from its telecommunications activities in the Community is more than 20 million ECU.

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Source: https://www.legislation.gov.uk/uksi/1997/2931/schedule/3/part/III/paragraph/2 (the official version)
Page: https://openlegislation.uk/telecommunications-interconnection-regulations-1997/schedule-3/part-III/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.