Enterprise and Regulatory Reform Act 2013

56 Review of certain provisions of Chapters 1 and 2 U.K.

(1) The Secretary of State must, before the end of each review period—

(a) carry out a review of the provisions of this Part mentioned in subsection (2), and

(b) prepare and publish a report setting out the conclusions of the review.

(2) The provisions of this Part are—

(a) sections 29 and 36 and Schedule 11 (investigation powers: mergers and markets),

(b) section 30 and Schedule 7 (interim measures and pre-emptive action: mergers), and

(c) sections 32 and 38 and Schedules 8 and 12 (time-limits etc: mergers and markets).

(3) The report must in particular—

(a) set out the objectives intended to be achieved by the provisions,

(b) assess the extent to which those objectives have been achieved, and

(c) assess whether those objectives remain appropriate and, if so, the extent to which they could be achieved in another way which imposed less regulation.

(4) The Secretary of State must lay the report before Parliament.

(5) Each of the following is a review period for the purposes of this section—

(a) the period of 5 years beginning with the first day on which any of the provisions mentioned in subsection (2) comes into force (whether wholly or partly), and

(b) each successive period of 5 years.

Commencement Information

I1 S. 56 in force at 1.4.2014 by S.I. 2014/416, art. 2(1)(b) (with Sch.)