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101. In Article 27 (monitoring market quality and competition)—
(a)in paragraph 1—
(i)for “competent authorities designated under Article 20(1) and the European Competition Network (ECN), as appropriate,” substitute “ competent authority ”;
(ii)in point (a)—
(aa)omit “or an audit firm”;
(bb)for “an audit firm network” substitute “ a network ”;
(cc)for “any audit firm” substitute “ any firm in the network ”;
(b)in paragraph 2—
(i)in the first subparagraph—
(aa)for “17 June 2016” substitute “ 17 June 2019 ”;
(bb)for “each competent authority” substitute “ the competent authority ”;
(cc)omit “and the ECN,”;
(dd)for “CEAOB, ESMA, EBA, EIOPA and the Commission” substitute “ Secretary of State ”;
(ii)omit the second subparagraph.
Commencement Information
I1Reg. 101 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 2