23.—(1) The FR Scheme administrator must designate the person who acts as its Chief Executive Officer as the responsible officer of the FR Scheme.
(2) The responsible officer has the following responsibilities in relation to the FR Scheme—
(a)accountability to Parliament for the stewardship of the FR Scheme, including management of its finances;
(b)accountability to Parliament for the economy, efficiency and effectiveness with which the FR Scheme administrator uses resources in discharging its functions under the FR Scheme;
(c)accountability to Parliament for propriety and regularity in the operation of the FR Scheme;
(d)accountability to Parliament in respect of any reports laid under regulation 24;
(e)the laying of a copy of the audited accounts of the FR Scheme and the annual report of its auditor before Parliament, no later than 3 months after the end of the financial year to which those accounts and annual report apply.