Review128
1
The Treasury must from time to time—
a
carry out a review of the effectiveness of articles 2 to 127,
b
set out the conclusions of the review in a report, and
c
publish the report.
2
In carrying out the review the Treasury must, so far as is reasonable, have regard to how the recovery and resolution directive (which is partially implemented by means of articles 2 to 127) is implemented in other EEA states.
3
The report must in particular—
a
set out the objectives intended to be achieved by the regulatory system established by articles 2 to 127,
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 article must be published before the end of the period of five years beginning with the day on which this Order comes into force.
5
Reports under this article are afterwards to be published at intervals not exceeding five years.