The competent authorities of a Member State shall , in accordance with Articles 15 to 17 , register every third - country auditor and audit entity that provides an audit report concerning the annual or consolidated accounts of a company incorporated outwith the Community whose transferable securities are admitted to trading on a regulated market of that Member State within the meaning of point 14 of Article 4(1 ) of Directive 2004/39 / EC , except when the company is an issuer exclusively of debt securities admitted to trading on a regulated market in a Member State within the meaning of Article 2(1)(b ) of Directive 2004/109 / EC ( 22 ) , the denomination per unit of which is at least EUR 50 000 or , in case of debt securities denominated in another currency , equivalent , at the date of issue , to at least EUR 50 000 .