ABSTRACT
In general, however, the consultation document demonstrates two factors. The first is the deregulatory paradox that in order to deregulate it is necessary to regulate. However irksome a regulation may appear to the deregulators, it may not be practical to abolish it entirely. But, if it is to be modified or reduced in scope, it will be found necessary to enact new regulations redefining its ambit; and the last state may be worse than the first. Amended regulations may generate new complexities and uncertainties. Thus, in the new consultation document, many possible changes are canvassed and rejected, or offered with marked reservations.
