[142J Review of ring-fencing rules etc]
[142J Review of ring-fencing rules etc]

[(1)     The PRA must carry out reviews of its ring-fencing rules and of any rules made by it under section 192JA (rules applying to parent undertakings of ring-fenced bodies).

(2)     The first review must be completed before the end of the period of 5 years beginning with the day on which the first ring-fencing rules come into force.

(3)     Subsequent reviews must be completed before the end of the period of 5 years beginning with the day on which the previous review was completed.

(4)     The PRA must give the Treasury a report of each review.

(5)     The Treasury must lay a copy of the report before Parliament.

(6)     The PRA must publish the report in such manner as it thinks fit.