2.—(1) Before the end of each review period, the Secretary of State must—
(a)carry out a review of these Regulations (other than regulations 32 and 33 and Schedules 2 and 3),
(b)set out the conclusions of the review in a report, and
(c)publish the report.
(2) 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 with a system that imposes less regulation.
(3) “Review period” means—
(a)the period of five years beginning with the day on which these Regulations come into force, and
(b)subject to paragraph (4), each successive period of five years.
(4) If a report under this regulation is published before the last day of the review period to which it relates, the following review period is to begin with the day on which that report is published.