Part 4

Special administration regime

Supplementary provisions

Review of Part 4
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1
As soon as reasonably practicable after the end of the review period, the Secretary of State must—
a
carry out a review of the provisions of this Part, and
b
set out the conclusions of the review in a report.
2
The report must, in particular—
a
set out the objectives intended to be achieved by the regulatory system established by those provisions,
b
assess the extent to which those objectives have been achieved, and
c
assess whether those objectives remain appropriate and, if so, the extent to which they could be achieved with a system that imposed less regulation.
3
The review period is the period of 5 years beginning with the day on which the provisions of this Part come generally into force.
4
The Secretary of State must lay the report before Parliament.