(1) The Treasury must make arrangements for a risk assessment to be undertaken to identify, assess, understand and mitigate the risks of proliferation financing affecting the United Kingdom ("the proliferation financing risk assessment").
(2) The proliferation financing risk assessment must, among other things -
(a) identify, where appropriate, the sectors or areas of lower and greater risk of proliferation financing;
(b) provide the information and analysis necessary to enable it to be used for the purposes set out in paragraph (3).
(3) The Treasury must ensure that the proliferation financing risk assessment is used to -
(a) consider the appropriate allocation and prioritisation of resources to counter proliferation financing;
(b) consider whether the exclusions provided for in regulation 15 (exclusions) are being abused.
(4) The Treasury must prepare a report setting out, as appropriate, the findings of the proliferation financing risk assessment as soon as reasonably practicable af
…