Ofcom is required to conduct a review into public service broadcasting at least every five years and went out for consultation in December 2020. The report of its third review, "Public Service Broadcasting in the Internet Age", was published on 2 July 2015.
The concept and principles for the Mid-Term Review are set out in the BBC Royal Charter of 2016. The Royal Charter is clear that “the (mid-term) review must not be undertaken before 2022 and must be completed by 2024.”
Government officials shall be undertaking preparatory work ahead of the mid-term review starting formally next year, and will consult Ofcom on the scope, timing, and terms of reference in due course, as is required by the BBC Charter.
Further, the Charter requires that Ofcom conduct a periodic review of the BBC which looks at the extent to which the BBC is fulfilling its Mission and promoting each of the Public Purposes and addressing any specific issues of concern. This must be concluded in time to inform the Mid-Term Review.