Sch 7 para 22
(1) The ONR must prepare a strategy for carrying out its functions, including any general priorities it will apply, or principal objectives to which it will have regard, in carrying out its functions. (2) The ONR must act in accordance with its strategy, or any revision of it, approved under sub-paragraph (7). (3) Before preparing or revising its strategy the ONR must consult such persons as it considers it appropriate to consult. (4) The first proposal for the ONR's strategy must be submitted to the Secretary of State within 8 months beginning with the day on which this paragraph comes into force. (5) The ONR— (a) may review its strategy at any time, and (b) must do so— (i) within 5 years beginning with the day on which its strategy is first published, and (ii) within 5 years beginning with the most recent review of its strategy. (6) The ONR— (a) may revise its strategy following a review under sub-paragraph (5), and (b) must submit any revision of its strategy to the Secretary of State. (7) The Secretary of State may approve the ONR's strategy, or any revision of it, with or without modifications. (8) The Secretary of State must consult the ONR before approving with modifications the ONR's strategy or any revision of it.