(1)Notwithstanding the repeal of section 11 of the [1979 c. 43.] Crown Agents Act 1979 (annual reports to the Secretary of State)—
(a)it shall continue to be the duty of the Crown Agents to make a report to the Secretary of State in accordance with that section in respect of each accounting year of the Crown Agents ending before the appointed day; and
(b)the Secretary of State shall lay a copy of any such report before each House of Parliament.
(2)Notwithstanding the repeal of section 22 of the [1979 c. 43.] Crown Agents Act 1979 (accounts of the Crown Agents and audit)—
(a)it shall continue to be the duty of the Crown Agents to prepare such statements of accounts as are mentioned in subsection (1) of that section in respect of each accounting year of the Crown Agents ending before the appointed day; and
(b)that section shall continue to apply during the transitional period in relation to those accounts and in relation also to the auditing of accounts kept in accordance with subsection (1) of that section in respect of each such accounting year.