(1) For supervisory purposes, a payment institution shall provide separate accounting information for payment services and other activities, and shall provide an auditor's report in relation to all such accounting information.
(2) The obligations of an auditor of the holder of a licence under section 47 of the Central Bank Act 1989 (No. 16 of 1989) shall be taken to apply to the auditor of a payment institution. For that application -
(a) references in that section to the holder of a licence shall be taken to be references to a payment institution,
(b) a reference in that section to depositors shall be taken to be a reference to payment service users, and
(c) references in that section to the Central Bank Acts 1942 to 1989 shall be taken to be references to these Regulations.