# PSD3 Article 11 — Accounting and statutory audit

Textual state: amended_substantial. 68 words changed

- Current text: Council final compromise text (Council document 8222/26) — not yet law.
- Compared against: COM(2023) 366 final — superseded.
- Classification is mechanical; method: https://paymentslaw.eu/method/
- Editorial review state: not_assessed. Markers are curated and selective, not a complete assessment.

Word-level diff, proposal → compromise: `{+text+}` was inserted, `[-text-]` was deleted.

## Paragraph 1

1. Council Directive [-86/635/EEC[56], -]{+86/635/EEC22, +}Directive 2013/34/EU and Regulation (EC) No 1606/2002 of the European Parliament and of the [-Council[57], -]{+Council23, +}shall apply to payment institutions mutatis mutandis.

## Paragraph 2

2. Unless exempted under Directive 2013/34/EU and, where applicable, Directive 86/635/EEC, the annual accounts and consolidated accounts of payment institutions shall be audited by statutory auditors or audit firms as defined in Article 2, points 2 and 3, of Directive 2006/43/EC.

## Paragraph 3

3. For supervisory purposes, Member States shall require that payment institutions provide separate accounting information for, on the one hand, payment [-services or electronic money -]services, and, on the other hand, the activities referred to in Article 10(1), which shall be subject to an auditor’s report. That report shall be prepared, where applicable, by the statutory auditors or an audit firm.

## Paragraph 4

4. The obligations laid down in Article 63 of Directive 2013/36/EU shall apply mutatis mutandis to the statutory auditors or audit firms of payment institutions in respect of payment [-services or electronic money -]services. {+22 Council Directive 86/635/EEC of 8 December 1986 on the annual accounts and consolidated accounts of banks and other financial institutions (OJ L 372, 31.12.1986, p. 1). 23 Regulation (EC) No 1606/2002 of the European Parliament and of the Council of 19 July 2002 on the application of international accounting standards (OJ L 243, 11.9.2002, p. 1).+}