Commentaries: Art. 10

The recognition of equivalent foreign oversight authorities may be based on the recognition by other states or international bodies as well as on the granting of reciprocal rights.
The foreign oversight authorities recognised in accordance with Article 8 paragraph 2 AOA are listed in Annex 2.
The Oversight Authority may cooperate with the recognised foreign oversight authority for compelling reasons even if the licensing duty under Article 8 paragraph 2 AOA no longer applies to the foreign audit firm.