Although the scheme was ended, the loophole was left in place. The apparent reason for this was a thoroughly bad one. It was suggested that, at some future date, economic circumstances might generate the need to start a similar scheme all over again. This disregarded the fact that the history of the scheme had clearly shown that any future scheme should be set up on a statutory basis, with a full set of legally binding regulations and a policing mechanism to ensure the rules were properly observed. It was specifically recommended by the review group who examined the matter – its report was published in August 2002 – that any future scheme should be statutorily based. Not even that group claimed there was any need to maintain the loophole. Since any future scheme would have its own statutory base, there was no reason to leave the loophole gaping open as it was.