(1) The regulator may, at any time, consider—
(a) whether a dealing with a GMO should be a notifiable low risk dealing; or
(b) whether an existing notifiable low risk dealing should no longer be a notifiable low risk dealing.
(2) The basis of the regulator's consideration must relate to—
(a) the matters of which the regulator must be satisfied under section 74 (2); or
(b) the matters the regulator must consider under section 74 (3).