Koninklijke KPN NV - KPN signs compliance charter
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RNS Number:0452T Koninklijke KPN NV 24 April 2008 KPN signs Compliance Charter with OPTA KPN and OPTA signed a Compliance Charter today, which set down agreements on KPN's internal compliance organization. This Charter fits in with OPTA's new vision on supervising and enforcing regulations. The Charter underscores the fact that OPTA and KPN aim to achieve a professional relationship based on mutual trust. The agreements laid down in the Charter are a tangible manifestation of KPN's effective compliance organization. It describes the internal corporate processes KPN has set up to guarantee that the company complies with the Telecommunications Act as well as showing how it will measure its effectiveness. Any infringements that may occur will be spotted far more quickly using this new approach and immediate action can be taken to prevent them from happening again. OPTA will bear this in mind in its modified sanctions policy. In addition, the Charter provides clarity on the way KPN and OPTA work as well as pinpointing differences in interpretation. There were frequent discussions in the past about the specific interpretation of regulations under the Telecommunications Act. Now that a working agreement has been reached on dealing with differences in interpretation, KPN hopes it will gain clarification on a possible difference in interpretation far sooner. By making its compliance program visible and opening up communications with OPTA, KPN is creating a new way of shouldering responsibility with a view to complying with obligations in the Telecommunications Act. This information is provided by RNS The company news service from the London Stock Exchange END MSCBDGDSGGDGGIS
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