The Code stipulates general requirements for both access and interconnection prices, which are then translated into actual regulation by the resolution. According to the AGCOM analysis Telecom Italia has SMP, hence it is subjected to the following obligations: transparency, non discrimination, accounting separation, price regulation, mandatory acces and use, cost accountability. The EU Commission adopted a delegated act  that set 0.07 eurocents per min as the  single maximum Union-wide fixed calls termination rate. Due to the considerable differences between the current fixed termination rates and the final rate, the Regulation includes a transitional period during 2021 to allow for a gradual adjustment. By 2022, all fixed operators will be subject to a maximum fixed termination rate of 0.07 eurocents per min.