(1) The Treasury must from time to time -
(a) carry out a review of the regulatory provision contained in these Regulations; and
(b) publish the report setting out the conclusions of the review.
(2) The first report under this regulation must be published on or before 13th January 2023.
(3) Subsequent reports must be published at intervals not exceeding five years.
(4) [deleted]
(5) Section 30(4) of the Small Business, Enterprise and Employment Act 2015 [2015 c. 26.] 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 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 that imposes less onerous regulatory provision.
(6) In this regulation, "regulatory provision" has the