1. A statutory auditor that carries out the statutory audit of a public interest entity shall make public an annual transparency report at the latest four months after the end of each financial year. That transparency report shall be published on the website of the statutory auditor and shall remain available on that website for at least five years from the day of its publication on the website.

A statutory auditor shall be allowed to update its published annual transparency report. In such a case, the statutory auditor shall indicate that it is an updated version of the report and the original version of the report shall continue to remain available on the website.

Statutory auditors shall communicate to the competent authorities that the transparency report has been published on the website of the statutory auditor or, as appropriate, that it has been updated.

2. The annual transparency report shall include at least the following:

(a) a description of the legal structure and ownership of the statutory auditor, if it is a firm;

(b) where the statutory auditor is a member of a network:

(i) a description of the network and the legal and structural arrangements in the network;

(ii) the name of each member of the network that is eligible for appointment as a statutory auditor, or is eligible for appointment as an auditor in an EEA State or in Gibraltar;