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22.5 For each financial year ending on or after 1 January in the year in which the Licensee is determined by the Director to be an Operator having Significant Market Power pursuant to regulation 4(1)(i) of the Interconnection Regulations, the Licensee shall procure in respect of each of the separate accounts described in paragraph 22.4 above an audit report by the Licensee’s Auditor which shall conform to Auditing Standards and in which the Auditor shall state whether in his opinion the accounts fairly present in accordance with the description of cost accounting systems:
(a)in the case of the profit and loss account, the results; and
(b)in the case of the statement of mean capital employed, the mean capital employed.
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