(1) The Treasury must from time to time -
(a) carry out a review of the regulatory provision contained in these Regulations; and
(b) publish a report setting out the conclusions of the review.
(2) The first report must be published before 26th June 2022.
(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 (provision for review) [2015 c.26.] requires that a review carried out under this regulation must, so far as is reasonable, have regard to how -
(a)the emission allowance auctioning regulation;
(b) the fourth money laundering directive; and
(c) the funds transfer regulation;
are implemented 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 provision referred to in paragraph (1)(a);
(b) assess
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