‹ CRA-1.6.3 CRA-1.6.5 › CRA-1.6.4 Relevant operating expenses are defined as the total operating expenses of the licensee concerned, as recorded in the most recent audited financial statements available, subject to the adjustments specified in Rule CRA-1.6.5. Added: April 2019 ‹ CRA-1.6.3 CRA-1.6.5 ›