Read the following passage: 'The Procurement Act 2023 reformed public procurement in the United Kingdom, replacing the EU-derived regulations that previously governed the process. The Act introduced a new framework centred on transparency, value for money, and public benefit. It established a single digital platform for publishing contract notices and mandated that contracting authorities consider small and medium-sized enterprises when designing procurement processes.' What did the Procurement Act 2023 replace?
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A
Domestic procurement guidelines issued by HM Treasury
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B
EU-derived regulations that previously governed procurement
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C
The Public Contracts Regulations 2006
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D
Voluntary procurement codes of practice