Energy Act 2023

Annual report and accounts

322 Annual report

(1) Great British Nuclear must, after the end of each reporting year, send a report to the Secretary of State about the activities it has undertaken during that year.

(2) The Secretary of State must lay a copy of the report before Parliament together with any comments that the Secretary of State considers appropriate.

(3) In this section “reporting year”, in relation to Great British Nuclear, means a period of 12 months ending with 31 March (but does not include any period before its designation as Great British Nuclear).

323 Annual accounts

(1) Great British Nuclear must send a copy of its accounts and reports for each financial year to the Secretary of State before the end of the period for filing those accounts and reports.

(2) The Secretary of State must lay a copy of any accounts and reports received under subsection (1) before Parliament.

(3) In this section—

• “accounts and reports”, in relation to Great British Nuclear, means the annual accounts and reports that Great British Nuclear’s directors must deliver to the registrar under section 441 of the Companies Act 2006;

• “financial year”, in relation to Great British Nuclear, means Great British Nuclear’s financial year determined in accordance with section 390 of the Companies Act 2006;

• “period for filing”, in relation to accounts and reports for a financial year, has the same meaning as in the Companies Acts (see section 442 of the Companies Act 2006);

• “the registrar” has the meaning given by section 1060(3) of the Companies Act 2006.