1 The Exchange may, at any time, require participants to appoint a recognised audit firm or, at the request of the participant, the latter's internal auditors, to check compliance with certain provisions of the rules and regulations. Under special circumstances, the Exchange may also require participants at any time to have certain procedures and transactions reviewed with regard to their conformity with the Rule Book. While upholding bank client confidentiality, the participant must then submit a summary report of this audit to the Exchange.
2 If the participant does not appoint an audit firm, one shall be appointed for it by the Exchange.
3 The participant bears the costs of audits required by the Exchange.