Part 2: Benchmarks Section 16: Review of exercise of powers under Article 23D
This section introduces new provision Article 23E of the BMR which requires the FCA to conduct a biennial review of its exercise of powers under Article 23D(2) and publish a report on its findings.
	Paragraph 2 clarifies the calculation of the two-year review period. Paragraphs 3-4 require the FCA to publish a report as soon as reasonably practicable setting out the outcome of its review.
	Paragraphs 5-8 set out further requirements for the review and the publication of the FCA’s report on its findings. The FCA must consider in its review whether the exercise of its powers has advanced or is likely to advance its statutory objectives of consumer protection and market integrity. It must also take into account the statements of policy as set out in new Article 23F as introduced by section 18.
	Paragraph 9(b) permits the FCA to charge a reasonable fee for providing a person with a copy of a report published under this Article.