Licences are not required to own or operate exempted networks or to provide exempt services. Radiocommunications licences Part IV also deals with radiocommunications licences authorising the use of radio frequency transmitting devices. There are three types of radiocommunications licence. Spectrum licences authorise the use of designated parts of the radio spectrum in designated geographic areas. Apparatus licences authorise the use of designated devices within designated frequencies and geographic areas. Spectrum is a finite resource and spectrum licences and, accordingly, apparatus licences may be limited. General permits authorise any person to engage in designated conduct subject to the terms of the permit. Licences are not required for exempt devices. Other provisions The Cormmission is empowered to make rules that will govern the licensing process (which will include competitive tenders where there are a limited number of licences), set out licence conditions and determine licence fees. To enhance certainty for potential market entrants, the Commission is required to promptly consider licence applications and must provide reasons for any refusal to issue an individual licence to an applicant. The Commission is required to maintain and publish a register of licensees and licences. The Commission is required to determine fees for licences in a transparent manner that minimises the annual fees payable by licensees. The Commission must ensure that its projected licence fee revenne payable by all licensees in a year will not exceed the Commission’s proposed annual budget and forecasts. There are very limited circumstances where the Commission is entitled to revoke or suspend licences. The Commission may revoke or suspend a radiocommunications licence where it is necessary to implement a Variation to the spectrum plan or ‘any frequency allocation plans and it is consistent with» international spectrum planning or the ‘ntemation obligations of the Republic of Kiribati. _ Part Vv. ~. Interconnection and Access os soot oY) persons proposing {6 in’ st ing jiivestors eacan ‘obtainregulatory Certainty.