
Article 1 
Article 1 of Decision 2008/961/EC is amended as follows:

1.. the second paragraph is replaced by the following:
'From 1 January 2012, with regard to annual consolidated financial statements and half-yearly consolidated financial statements, the following standards shall be considered as equivalent to IFRS adopted pursuant to Regulation (EC) No 1606/2002:
((a)) Generally Accepted Accounting Principles of the People’s Republic of China;
((b)) Generally Accepted Accounting Principles of Canada;
((c)) Generally Accepted Accounting Principles of the Republic of Korea.';
2.. the following third paragraph is added:
'Third country issuers shall be permitted to prepare their annual consolidated financial statements and half-yearly consolidated financial statements in accordance with the Generally Accepted Accounting Principles of the Republic of India for financial years starting before 1 January 2015.'.
Article 2 
This Decision is addressed to the Member States.
This Decision shall apply from 1 January 2012.
Done at Brussels, 11 April 2012.
For the Commission
Michel BARNIER
Member of the Commission