Requirements equivalent to Article 4(3) of Directive 2004/109/EC
Article 17
A third country shall be deemed to set requirements equivalent to those set out in the first subparagraph of Article 4(3) of Directive 2004/109/EC where, under the law of that country, the provision of individual accounts by the parent company is not required but the issuer whose registered office is in that third country is required, in preparing consolidated accounts, to include the following information: (a) for issuers of shares, dividends computation and ability to pay dividends; (b) for all issuers, where applicable, minimum capital and equity requirements and liquidity issues. For the purposes of equivalence, the issuer must also be able to provide the competent authority of the home Member State with additional audited disclosures giving information on the individual accounts of the issuer as a standalone, relevant to the elements of information referred to under points (a) and (b). Those disclosures may be prepared under the accounting standards of the third country.