PART 7Review
Review113
1
The Treasury must from time to time—
a
carry out a review of the regulatory provision contained in this Order; and
b
publish a report setting out the conclusions of the review.
2
The first report must be published before the end of the period of five years beginning with the date on which this Order comes into force for any purpose.
3
Subsequent reports must be published at intervals not exceeding five years.
4
Section 30(4) of the Small Business, Enterprise and Employment Act 2015157 (“the 2015 Act”) requires that a report setting out the conclusions of a review carried out under this Order must in particular—
a
set out the objectives intended to be achieved by the regulatory provision in this Order;
b
assess the extent to which those objectives are achieved;
c
assess whether those objectives remain appropriate; and
d
if those objectives remain appropriate, assess the extent to which they could be achieved in another way which involves less onerous regulatory provision.
5
In this article, “regulatory provision” has the same meaning as in sections 28 to 32 of the 2015 Act (see section 32 of that Act).