
Article 1 
For the purposes of Article 46(1) of Directive 2006/43/EC, the public oversight, quality assurance, investigation and penalty systems for auditors and audit entities of the Securities and Exchange Commission of the United States of America and the Public Company Accounting Overisght Board of the United States of America shall be considered to meet requirements that are equivalent to those of Articles 29, 30 and 32 of that Directive.
Article 2 
Article 1 shall be without prejudice to cooperative arrangements on individual quality assurance reviews between the competent authorities of a Member State and the competent authorities of the United States.
Article 3 
This Decision shall apply from 1 August 2016 to 31 July 2022.
Article 4 
This Decision is addressed to the Member States.
Done at Brussels, 14 July 2016.
For the Commission
Jonathan HILL
Member of the Commission