PART 6Review

Review24

1

The Treasury must from time to time—

a

carry out a review of regulations 2 to 23,

b

set out the conclusions of the review in a report, and

c

publish the report.

F12

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3

The report must in particular—

a

set out the objectives intended to be achieved by the regulatory system established by regulations 2 to 23,

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 with a system that imposes less regulation.

4

The first report under this regulation must be published before the end of the period of five years beginning with the last day on which any of regulations 2 to 23 come into force.

5

Reports under this regulation are afterwards to be published at intervals not exceeding five years.