# Commission Regulation (EC) No 1569/2007 of 21 December 2007 establishing a mechanism for the determination of equivalence of accounting standards applied by third country issuers of securities pursuant to Directives 2003/71/EC and 2004/109/EC of the European Parliament and of the Council, Article 2: Equivalence

Extent: E+W+S+N.I.

The Generally Accepted Accounting Principles of a third country may be considered for the specified purposes as equivalent to UK-adopted international accounting standards if the financial statements drawn up in accordance with Generally Accepted Accounting Principles of the third country concerned enable investors to make a similar assessment of the assets and liabilities, financial position, profit and losses and prospects of the issuer as financial statements drawn up in accordance with UK-adopted international accounting standards, with the result that investors are likely to make the same decisions about the acquisition, retention or disposal of securities of an issuer.

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Source: https://www.legislation.gov.uk/eur/2007/1569/article/2 (the official version)
Page: https://openlegislation.uk/eu-regulation-2007-1569/article-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.