OBS_VALUE: IMDA's new Code of practice for competition in the provision of telecommunication and media services 2022 deregulated the access to the leased lines, given there is no significant market power in the leased line market. Previous TMCC 2012 provided that a Dominant Licensee must offer to allow a Facilities-based Licensee to obtain tail local leased circuits between an End User’s site to the exchange building controlled by the Dominant Licensee nearest to and serving the End User’s site. 