5

These Regulations cease to have effect at the end of the period of seven years beginning with the day on which these Regulations come into force.

Review1A

1

Before the end of the review period, the Secretary of State must—

a

carry out a review these Regulations;

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 the period of five years beginning with the day on which these Regulations come into force.