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+Article 23 4. |
Article 23 4.The exemptions referred to in paragraph 3 shall fulfil all of the following conditions:
(a)
the exempted undertaking and, without prejudice to paragraph 9, all of its subsidiary undertakings are consolidated in the financial statements of a larger body of undertakings, the parent undertaking of which is governed by the law of a Member State;
(b)
the consolidated financial statements referred to in point (a) and the consolidated management report of the larger body of undertakings are drawn up by the parent undertaking of that body, in accordance with the law of the Member State by which that parent undertaking is governed, in accordance with this Directive, with the exception of the requirements laid down in Article 29a, or in accordance with international accounting standards adopted in accordance with Regulation (EC) No 1606/2002;
(c)
in relation to the exempted undertaking the following documents are published in the manner prescribed by the law of the Member State by which that exempted undertaking is governed, in accordance with Article 30:
(i)
the consolidated financial statements referred to in point (a) and the consolidated management report referred to in point (b),
(ii)
the audit report, and
(iii)
where appropriate, the appendix referred to in paragraph 6. That Member State may require that the documents referred to in points (i), (ii) and (iii) be published in its official language and that the translation be certified;
(d)
the notes to the annual financial statements of the exempted undertaking disclose the following:
(i)
the name and registered office of the parent undertaking that draws up the consolidated financial statements referred to in point (a), and
(ii)
the exemption from the obligation to draw up consolidated financial statements and a consolidated management report. 1. Overview
1.1 References1.2 Identified Requirements1.3 Related Standards2. Identified Requirements
3. Related Standards
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