Recital 5

(5)Pursuant to the Sarbanes-Oxley Act of 2002 ³ , in the United States of America, the Public Company Accounting Oversight Board approves the registration of external auditors and audit firms and inspects registered firms’ audits and quality control systems. The Securities and Exchange Commission has competence to oversee the Public Company Accounting Oversight Board’s operations. The Securities and Exchange Commission and the Public Accounting Oversight Board are responsible for the adoption of audit standards and the investigation and sanctioning of registered public accounting firms and their associated persons for violations of specified rules or professional standards.