19Submission of accounts, etc.
(1)A judicial factor must, as soon reasonably practicable following the end of each reporting period, submit to the Accountant a report setting out the judicial factor’s intromissions with the factory estate during the relevant reporting period.
(2)Reports submitted under subsection (1) must—
(a)include accounts, and
(b)be in such form and submitted in such way—
(i)as may be agreed between the judicial factor and the Accountant,
(ii)in the absence of such agreement, as directed by the Accountant.
(3)In this section, “reporting period” means—
(a)the period beginning on the appointment date and ending on the date specified by the Accountant, and
(b)each subsequent period of the same duration.
(4)The period specified under subsection (3)(a) must be—
(a)not less than one year, unless the Accountant considers that there are exceptional circumstances which justify a shorter period, and
(b)not more than 2 years.
(5)The Accountant may, on cause shown, grant an extension of a particular reporting period provided that the reporting period as extended is not more than 2 years.