F14...

Neither the initial engagement of a particular statutory auditor or audit firm, nor this in combination with any renewed engagements therewith shall exceed a maximum duration of 10 years.

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The key audit partners responsible for carrying out a statutory audit shall cease their participation in the statutory audit of the F4audited person not later than seven years from the date of their appointment. They shall not participate again in the statutory audit of the F4audited person before three years have elapsed following that cessation.

F5...

The statutory auditor F6... shall establish an appropriate gradual rotation mechanism with regard to the most senior personnel involved in the statutory audit, including at least the F7individuals who are eligible for appointment as statutory auditors. The gradual rotation mechanism shall be applied in phases on the basis of individuals rather than of the entire engagement team. It shall be proportionate in view of the scale and the complexity of the activity of the statutory auditor F6....

The statutory auditor F8... shall be able to demonstrate to the competent authority that such mechanism is effectively applied and adapted to the scale and the complexity of the activity of the statutory auditor F8....

For the purposes of F9the provisions for the appointment of statutory auditors by public interest entities, the duration of the audit engagement shall be calculated as from the first financial year covered in the audit engagement letter in which the statutory auditor F10... has been appointed for the first time for the carrying-out of consecutive statutory audits for the same public-interest entity.

For the purposes of this Article, F11the statutory auditor is a firm it must include F12any other statutory auditor that is also a firm and has been acquired by or has merged with the first statutory auditor.

If there is uncertainty as to the date on which the statutory auditor F13... began carrying out consecutive statutory audits for the public-interest entity, for example due to firm mergers, acquisitions, or changes in ownership structure, the statutory auditor F13... shall immediately report such uncertainties to the competent authority, which shall ultimately determine the relevant date for the purposes of the first subparagraph.