Heather Humphreys (Cavan-Monaghan, Fine Gael) | Oireachtas source

I move amendment No. 29:

In page 121, between lines 27 and 28, to insert the following:“(b) Paragraph (a) shall not apply to a third-country auditor or third country audit entity that provides audit reports concerning the annual or group financial statements of undertakings incorporated in third countries in respect of which—

(i) the Commission has not yet made a decision that the public oversight, quality assurance and investigation and penalty systems for third-country auditors and third-country audit entities meet requirements which shall be considered equivalent to those of Articles 29, 30 and 32 of the Audit Directive, or

(ii) such a decision was made but for a specified period of time which has now expired.”.