PART 7Review

Review47

1

The Treasury must from time to time—

a

carry out a review of these Regulations;

b

set out the conclusions of the review in a report; and

c

publish the report.

2

The report must in particular—

a

set out the objectives intended to be achieved by these Regulations;

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.

3

The first report under this regulation must be published on or before 1st January 2021.

4

Reports under this regulation are afterwards to be published at intervals not exceeding five years.