55.This section places an obligation on the Accreditation Committee to report after each financial year on its activities during that year, separate from the report prepared by Qualifications Scotland. As noted above, the phrase “financial year” is defined in schedule 1 of the Interpretation and Legislative Reform (Scotland) Act 2010 as a year ending with 31 March. The committee must publish this report and share a copy with the Scottish Ministers as soon as reasonably practicable after the end of each financial year. Following receipt of this, the Scottish Ministers must lay a copy of the report before the Scottish Parliament. The form and content of the report is to be decided by the committee.