million (1,000,000) Rwanda francs. Where necessary, the regulatory authority may withdraw the license received on the basis of false information. Article 48: Contravention of the terms and conditions of a license Any person who contravenes the terms and conditions of its license not mentioned in the previous articles shall be liable to an administrative fine of between five hundred thousand (500,000) and Five million (5,000,000) Rwanda francs. Where necessary, the regulatory authority may suspend the license for a period not exceeding three (3) months or revoke it. CHAPTER VI: TRANSITIONAL AND FINAL PROVISIONS Article 49: Transitional period All the licenses of exploitation granted by the incumbent postal or courier operator shall remain in force for a period not exceeding six (6) months as of the date of its adoption by the regulatory Board. The incumbent postal or courier operator shall transmit to Authority the list of holders of valid licences. Any other person who commences postal or courier services operations after the effective date of this regulation shall submit an application for a license in due form as provided under this regulations prior to commencing operations. Article 50: Repealing provision All prior provisions contrary to these regulations are hereby repealed. Article 51: Commencement This regulation shall come into force on the date of its signature. Done on 04/04/ 2015 Signed Eng. Coletha U. RUHAMYA Chairperson of the Regulatory Board 23 | 2 6