Member

The Explanatory Notes to Clause 2 set out that the Secretary of State will already keep under review, on an ongoing basis, whether it is appropriate to amend the specified competitions. This assessment can be triggered at any point so, if any change in circumstance occurs, the Secretary of State will be able to react. Before any such amendment, the Secretary of State would also conduct and publish a formal assessment and lay it before Parliament. It is more appropriate for the Secretary of State to review, assess and determine whether statutory regulation should be extended to a new market, rather than for this to be the responsibility of the regulator.