The Federal Council appoints the review body for a period of four years. It may be re-appointed for a further term of office.
The provisions of the Swiss Code of Obligations1concerning the review body of companies limited by shares apply by analogy to the auditor.
The review body shall conduct a statutory audit and submit comprehensive reports to the Federal Council and the Agency Council on the results of their audit.
The Federal Council may ask the review body to clarify certain matters.