ReviewI1I26
1
The Treasury must, from time to time—
a
carry out a review of the regulatory provision contained in regulations 2 to 5 of these Regulations; and
b
publish a report setting out the conclusions of the review.
2
The first report under this regulation must be published before 21st July 2023.
3
Subsequent reports must be published at intervals not exceeding five years.
4
Section 30(3) of the Small Business, Enterprise and Employment Act 201534 requires that a report published under this regulation must, so far as is reasonable, have regard to how the obligations under Articles 4 and 5 of Regulation (EU) No 2017/1131 of the European Parliament and of the Council of 14 June 2017 on money market funds are implemented in other member States.
5
In this regulation, “regulatory provisions” has the same meaning as in sections 28 to 32 of the Small Business, Enterprise and Employment Act 2015 (see section 32 of that Act).