(1) The Secretary of State must, before the end of each review period -
(a) carry out a review of section 87, and
(b) prepare and publish a report setting out the conclusions of the review.
(2) The report must in particular -
(a) set out the objectives intended to be achieved by the section,
(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 in another way which imposed less regulation.
(3) The Secretary of State must lay the report before Parliament.
(4) Each of the following is a review period for the purposes of this section -
(a) the period of 5 years beginning with the day on which section 87 comes into force (whether wholly or partly), and
(b) each successive period of 5 years.