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PART 4U.K.Amendment of retained direct EU legislation

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