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.