Transitional rule on the Professional Supervision Reform Act

(1) An auditing association to which a certificate on participation in quality control was issued before 6 September 2007 may apply for an extension of the limitation of the participation certificate to a total of six years, insofar as it does not fall under section 63e(1), second sentence.
(2) Where the participation certificate has been limited to six years, an auditing association that, at a cooperative, a company named in Article 25(1), first sentence, no. 1 of the Introductory Act to the Commercial Code, or an undertaking named in Article 25(1), first sentence, no. 2 of the Introductory Act to the Commercial Code, that make use of an organised market within the meaning of section 2(11) of the Securities Trading Act, carries out, more than three years after issue of the participation certificate, an audit subject to quality control, must have a quality control carried out within six months of accepting the audit engagement.