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The Statutory Auditors and Third Country Auditors (Amendment) (EU Exit) Regulations 2019

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This is the original version (as it was originally made).

Amendment of Regulation 537/2014

This section has no associated Explanatory Memorandum

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.

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