44.—(1) The Treasury must from time to time—
(a)carry out a review of these Regulations;
(b)set out the conclusion of the review in a report; and
(c)publish the report.
(2) In carrying out the review the Treasury must, so far as is reasonable, have regard to how the Payment Accounts Directive (which is implemented by means of these Regulations) is implemented in other member States.
(3) The report must in particular—
(a)set out the objectives intended to be achieved by the regulatory system established by these Regulations;
(b)assess the extent to which those objectives are achieved; and
(c)assess whether those objectives remain appropriate and if so, the extent to which they could be achieved by a system which involves less onerous regulatory provision.
(4) The first report must be published before 18th September 2021.
(5) Subsequent reports must be published at intervals not exceeding five years.