Article 50 3.

monitoring the implementation of the compliance programme;

elaborating an annual report, setting out the measures taken in order to implement the compliance programme and submitting it to the regulatory authority;

reporting to the Supervisory Body and issuing recommendations on the compliance programme and its implementation;

notifying the regulatory authority on any substantial breaches with regard to the implementation of the compliance programme; and

reporting to the regulatory authority on any commercial and financial relations between the vertically integrated undertaking and the transmission system operator.