Common use of Reporting and Auditing Clause in Contracts

Reporting and Auditing. 9.1. The FMV owns the right to follow-up the Legal entity’s fulfilment of the commitments in accordance with this Agreement. The follow-up may be executed by self-reporting and/or auditing. 9.2. Upon request by the FMV, the Legal entity shall report in writing how the conditions in this Agreement are complied with, at the latest within thirty (30) days from the day the request was received. The Legal entity shall submit the information required and in accordance with the request. 9.3. The Legal entity shall enable the FMV to perform audits in accordance with this Section 9, to ensure that the Legal entity fulfils its commitments in accordance with this Agreement. The Legal entity shall in connection to the audit, provide the information and the documentation deemed necessary by the auditor to verify compliance with the conditions in this Agreement. 9.4. The FMV shall in relation to the Legal entity be entitled to full transparency regarding the fulfilment of all of the Legal entity’s commitments according to this Agreement. The examinations can be carried out by the FMV and/or by an appointed advisor of the FMV such as an authorised public accountant and/or an expert within the professional field in question. 9.5. In exercising the right to transparency, the FMV shall be granted access to such data that is relevant to the audit and follow-up of the requirements in accordance with this Agreement and requested by the FMV, and which is deemed necessary by the auditor in order to carry out the audit. 9.6. The auditor appointed by the FMV shall also be granted access to all information, to the extent deemed necessary and relevant by the auditor in order to carry out the audit in accordance with this Agreement.

Reporting and Auditing. 9.1. The FMV owns the right to follow-up the Legal entity’s Undertakings fulfilment of the commitments in accordance with this Agreement. The follow-up may be executed by self-reporting and/or auditing. 9.2. Upon request by the FMV, the Legal entity Undertaking shall report in writing how the conditions in this Agreement are complied with, at the latest within thirty (30) days from the day the request was received. The Legal entity Undertaking shall submit the information required and in accordance with the request. 9.3. The Legal entity Undertaking shall enable the FMV to perform audits in accordance with this Section 97, to ensure that the Legal entity Undertaking fulfils its commitments in accordance with this Agreement. The Legal entity Undertaking shall in connection to the audit, provide the information and the documentation deemed necessary by the auditor to verify compliance with the conditions in this Agreement. 9.4. The FMV shall in relation to the Legal entity Undertaking be entitled to full transparency regarding the fulfilment of all of the Legal entity’s Undertakings commitments according to this Agreement. The examinations can be carried out by the FMV and/or by an appointed advisor of the FMV such as an authorised public accountant and/or an expert within the professional field in question. 9.5. In exercising the right to transparency, the FMV shall be granted access to such data that is relevant to the audit and follow-up of the requirements in accordance with this Agreement and requested by the FMV, and which is deemed necessary by the auditor in order to carry out the audit. 9.6. The auditor appointed by the FMV shall also be granted access to all information, to the extent deemed necessary and relevant by the auditor in order to carry out the audit in accordance with this Agreement.