(1) An electronic money institution which carries on activities other than the issuance of electronic money and the provision of payment services, must provide to the Authority separate accounting information in respect of its issuance of electronic money and provision of payment services.
(2) Such accounting information must be subject, where relevant, to an auditor's report prepared by the institution's statutory auditor.
(3) A statutory auditor ("the auditor") must, in any of the circumstances referred to in paragraph (4), communicate to the Authority information on, or its opinion on, matters -
(a) of which it has become aware in its capacity as an auditor of an electronic money institution or of a person with close links to an electronic money institution; and
(b) which relate to the electronic money issued and payment services provided by that institution.
(4) The circumstances are that -
(a) the auditor reasonably believes that -
(i) there is or has been, or may be or may have b
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