An Applicant must have published or filed audited accounts which:
(1) cover a prior period of three years or any other shorter period acceptable to the Regulator;
(2) are consolidated for the Applicant and any of its Subsidiary undertakings;
(3) have been prepared in accordance with IFRS or other standards acceptable to the Regulator; and
(4) have been audited and reported on by auditors in accordance with auditing standards of the International Auditing and Assurance Standards Board (IAASB) or other standards acceptable to the Regulator.