(1) The Secretary of State must -
(a) review the operation of Part 1 of the 1998 Act, and
(b) prepare and publish a report on the outcome of the review.
(2) The report must be published before the end of the period of 5 years beginning with the day on which Part 1 of Schedule 5 (which transfers the functions of the Office of Fair Trading under Part 1 of the 1998 Act to the Competition and Markets Authority) comes into force.
(3) The Secretary of State must lay the report before Parliament.