Section 72: Regulatory review.

(1) Subject to subsection (2) of this section, the Commission may review, as at when it deems necessary, any rules, guidelines and regulations made under this Act that are in effect at the time of the review and may in the process modify or vary, or repeal any such rules or regulations :
(a) which are no longer necessary in the national interest;
(b) which are no longer necessary to ensure the objects of this Act or its subsidiary legislation ; or
(c) for any other reason that the Commission thinks is relevant.
(2) The procedures set out in section 71 of this Act shall apply mutatis mutandis in respect of any modification, variation or revocation of a regulation or guideline.