{
  "url": "https://openlegislation.uk/late-payment-of-commercial-debts-amendment-regulations-2018/regulation-4",
  "json_url": "https://openlegislation.uk/late-payment-of-commercial-debts-amendment-regulations-2018/regulation-4.json",
  "legislation": "uksi/2018/117",
  "legislation_title": "The Late Payment of Commercial Debts (Amendment) Regulations 2018",
  "legislation_url": "https://openlegislation.uk/late-payment-of-commercial-debts-amendment-regulations-2018",
  "path": "regulation/4",
  "kind": "regulation",
  "number": "4",
  "heading": "Amendments to the Late Payment of Commercial Debts Regulations 2002",
  "text": "After regulation 5 (saving for existing contracts), insert—\n“Review\n6. (1) Before 26th February 2022, and subsequently at intervals not exceeding five years, the Secretary of State must—\n(a) carry out a review of regulation 3;\n(b) set out the conclusions of the review in a report; and\n(c) publish the report.\n(2) In carrying out the review the Secretary of State must, so far as is reasonable, have regard to how Article 7(5) of Directive 2011/7/EU of the European Parliament and of the Council of 16th February 2011 on combating late payment in commercial transactions is implemented in other member States.\n(3) The report must in particular—\n(a) set out the objectives intended to be achieved by regulation 3;\n(b) assess the extent to which those objectives are achieved; and\n(c) assess whether those objectives remain appropriate and, if so, the extent to which they could be achieved with a system that imposes less regulation.”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "OJ No L 48, 23.2.2011, p.1."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2018/117/regulation/4",
    "retrieved_at": "2026-10-28T23:02:47.112977+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}