In Article 4 (audit fees) -

(a) in paragraph 1, in the second subparagraph -

(i) omit "Without prejudice to Article 25 of Directive 2006/43/EC,";

(ii) for "the first subparagraph, contingent" substitute "paragraph 13 of Schedule 1 to the Statutory Auditor and Third Country Auditors Regulations 2016,";

(iii) after the first instance of "fees" insert ""based on any form of contingency"";

(iv) for "being contingent" substitute "being based on any form of contingency";

(v) for "a competent authority" substitute "the competent authority";

(b) in paragraph 2, in the first subparagraph -

(i) omit "or the audit firm";

(ii) for "audited entity" in both places substitute "audited person";

(iii) for "controlled undertakings" in both places substitute "subsidiary undertakings";

(iv) for "financial statements" substitute "accounts";

(c) in paragraph 2, in the second subparagraph, for "Union or national legislation" substitute "legislation of any part of the United Kingdom";