Part 4: CMA: Referrals and functions Chapter 2: General functions Section 65: Monitoring and reporting on subsidy control
This section requires the CMA to undertake a periodic review of the effectiveness of the operation of this Act, and its impact on competition and investment within the UK. A report is required to be published by the CMA within the first three years of the implementation of the regime, and a second report three years after its first report. After the first two reports, the CMA is required to prepare a report each subsequent period of five years. The Secretary of State may also direct that the CMA prepare a report in respect of a specified period, provided that the first two reports in respect of the first two relevant periods under subsection (3) have been prepared. The CMA must publish its reports and arrange for copies to be laid before each House of Parliament.