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Registration of third-country audit entities For Audit firms

A third-country audit entity must register with the AFM before it can issue audit reports regarding the audit of annual accounts that are important to the Dutch capital market.

To register with the AFM as a third-country audit entity you must follow the application procedure for full registration, unless the European Commission has allocated a transitional period to the third-country involved. In that case,you must follow the procedure for registration under the transitional period.

Transitional period

The European Commission allocates a transitional period to third countries when it considers the system of supervision and enforcement not yet equivalent to the systems of the EU Member States, but expects this will happen in the near future.

For the following countries, the European Commission has allocated a transitional period for financial years beginning between 2 July 2010 and 31 July 2015:

  • Bermuda 
  • Cayman Islands 
  • Egypt 
  • Mauritius 
  • New Zealand 
  • Russia 
  • Turkey

Audit entities with audit clients in the third countries mentioned above can perform their audit activities on the basis of a registration under the transitional period. Full registration is required for audit clients in other third countries.

Audit entities with both audit clients in third countries for which full registration is required and audit clients in third countries for which a registration under the transitional period is required must apply for full registration.

Application procedure for registration under the transitional period

To apply for registration under the transitional period you must complete Form I and its Annexes electronically, then print and sign Form I and send a scanned copy together with its Annexes to: wta@afm.nl. The application forms are only available in English.

Application procedure for full registration

The application procedure for full registration involves three steps (the application forms are only available in English):

1. Application for registration
Complete Form H and its Annexes electronically, then print and sign Form H and send a scanned copy together with its Annexes to: wta@afm.nl

2. Notification of policymakers and co-policymakers
You must notify the AFM which policymakers and co-policymakers have been appointed or are nominated for appointment.

Therefore, complete the Prospective Appointment Notification Form, print and sign the form and send it to the AFM by surface mail or send a scanned copy to wta@afm.nl

3. Integrity test policymakers and co-policymakers
You must see to it that each appointed or nominated policymaker and co-policymaker completes an Integrity Test Form.

All policymakers and co-policymakers must complete the Integrity Test Form, print and sign the form and send it to the AFM by surface mail or send a scanned copy to wta@afm.nl

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