Reports: preparation
66.—(1) The directors of an open-ended investment company must –
(a)prepare a report (annual report) for each annual accounting period of the company; and
(b)subject to paragraph (2), prepare a report (half-yearly report) for each half-yearly accounting period of the company.
(2) Where a company’s first annual accounting period is a period of less than 12 months, a half-yearly report need not be prepared for any part of that period.
(3) The directors of a company must lay copies of the annual report before the company in general meeting.
(4) Nothing in this regulation or in regulation 67 prejudices the generality of regulation 6(1).
(5) In this regulation any reference to annual and half yearly accounting periods of a company is a reference to those periods as determined in relation to that company in accordance with FSA rules.