Info
🔗 Back to Summary. 🇫🇷 French Version: 2007R1569_FR.3. Back to Summary of LVL1. Open the PDF. Direct link to EUR-LEX.
Article 2 – Equivalence ⬅️ | ➡️ Article 4 – Conditions for the acceptance of third country accounting standards for a limited period
Article 3 - Equivalence mechanism
The decision on the determination of the equivalence of the Generally Accepted Accounting Principles of a third country may be taken on the initiative of the Commission, upon application submitted by the competent authority of a Member State or upon application of an authority responsible for accounting standards or market supervision of a third country.
Where the Commission decides to make a determination of equivalence, whether on an application or on its own initiative, it shall make that decision public.