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PART 2Regulatory reform

Business impact target

24Additional matters to be included in reports

(1)This section makes provision supplementary to section 23.

(2)An assessment in respect of a qualifying regulatory provision may be included in a report by virtue of section 23(3)(b) only if the assessment is verified by the body appointed under section 25.

(3)Subsection (4) applies if an assessment in respect of a qualifying regulatory provision is not included in a report in respect of a reporting period mentioned in any of section 23(7)(a) to (d) because of subsection (2) above.

(4)The report in respect of the immediately following reporting period must include an assessment of the economic impact on business activities of that qualifying regulatory provision.

(5)Subsection (6) applies to any report in respect of the reporting period mentioned in section 23(7)(c).

(6)The report must include an assessment of the extent to which the interim target has been met.

(7)Subsection (8) applies to any report in respect of the reporting period mentioned in section 23(7)(e).

(8)The report must include an assessment of the extent to which the business impact target has been met.