+Article 38 2.

Article 38 2.

Member States shall not be required to apply the requirements of this Directive to the undertaking concerned where:

(a) 

the financial statements of the undertaking concerned are drawn up, audited and published in accordance with the provisions of this Directive by an undertaking which:

(i) 

is a member having unlimited liability of that undertaking concerned, and

(ii) 

is governed by the laws of another Member State;

(b) 

the undertaking concerned is included in consolidated financial statements drawn up, audited and published in accordance with this Directive by:

(i) 

a member having unlimited liability, or

(ii) 

where the undertaking concerned is included in the consolidated financial statements of a larger body of undertakings drawn up, audited and published in conformity with this Directive, a parent undertaking governed by the laws of a Member State. This exemption shall be disclosed in the notes to the consolidated financial statements.

1. Panoramica

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1.1 Riferimenti

1.2 Requisiti identificati

1.3 Standard correlati

2. Requisiti identificati

Requisiti

3. Standard correlati

Standard