Substitution of regulation 74 (modifications to regulation 49)
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Memorandwm Esboniadol
12. For regulation 74, substitute—
“74. Regulation 49 (review of specified tariff rate quotas) has effect as if for paragraphs (1) to (3) of that regulation there were substituted—
“(1) The Secretary of State must conduct a review (referred to in this Part as the “transition review”) of the specified tariff rate quotas.
(2) The Secretary of State may initiate the transition review within any time period the Secretary of State considers appropriate.
(3) Upon initiating the transition review, the Secretary of State must publish a notice of initiation of the review in which must contain the information referred to in—
(a)subparagraphs (a) to (c) of regulation 47(3); and
(b)subparagraphs (d) to (n) of paragraph 9 of the Schedule.”.”.