Article 6
Review and frequency of financial information
1. The financial information produced in accordance with Articles 3, 4 and 5 shall be reviewed by an independent and certified auditor.
2. The review referred to in paragraph 1 shall be provided in the form of a report ensuring:
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(a) |
a trustworthy and fair view of the financial information produced by payment card schemes and processing entities; |
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(b) |
consistency and comparability of the financial information with the accounting frameworks for preparing financial statements of payment card schemes and processing entities; |
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(c) |
consistency of the financial information with previous years' allocation policies or, where such consistency is lacking, an explanation as to why the allocation policy has been changed and a restatement of previous years' figures. |
3. The financial information referred to in Articles 3, 4 and 5 shall be submitted to the auditor referred to in paragraph 1 annually and shall be made fully available to competent authorities upon their request, together with the review by the independent auditor.