(1) The Treasury must from time to time -
(a) carry out a review of regulations 2 to 58; 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 27th February 2023.
(3) Subsequent reports must be published at intervals not exceeding five years.
(4) Section 30(3) of the Small Business, Enterprise and Employment Act 2015 [2015 c. 26. Section 30(3) was amended by section 19 of the Enterprise Act 2016 (c. 12).] requires that a review carried out under this regulation must, so far as is reasonable, have regard to how the EU Benchmarks Regulation 2016 is implemented in other countries which are subject to its obligations.
(5) Section 30(4) of that Act 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;