European union documents

Motion made, and Question put forthwith (Standing Order No. 119(11)),

Financial Audits

That this House takes note of European Union Documents No. 16971/11 and Addenda 1 and 2, a draft Directive amending Directive 2006/43/EC on statutory audits of annual accounts and consolidated accounts, and No. 16972/11 and Addenda 1 and 2, a draft Regulation on specific requirements regarding statutory audit of public-interest entities; and supports the Government’s view that many of the concerns about the proposals have now been addressed in the compromise text that formed the basis for a Council mandate for the informal trilogue negotiations, which the Council is now taking forward with the European Parliament and Commission.—(Anne Milton.)

Question agreed to.