Review
26.—(1) The Secretary of State must from time to time—
(a)carry out a review of the regulatory provisions contained in this Order,
(b)set out the conclusions of the review in a report, and
(c)publish the report.
(2) The first report under this Order must be published before 14th March 2023.
(3) Subsequent reports must be published at intervals not exceeding 5 years.
(4) Section 30(3) of the Small Business, Enterprise and Employment Act 2015(1) requires that a review carried out under this article must, so far as is reasonable, have regard to the rules on penalties applicable to infringements of the North Korea Regulation and the measures taken to implement them in other member States.
(5) Section 30(4) of the Small Business, Enterprise and Employment Act 2015 requires that a report published under this regulation must in particular—
(a)set out the objectives intended to be achieved by the regulatory provisions referred to in paragraph (1)(a),
(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 provisions.
2015 c. 26. Section 30(3) was amended by the Enterprise Act 2016 (c.12), section 19.