[F1Annual reportU.K.
Textual Amendments
F1Schs. 1ZA, 1ZB substituted for Sch. 1 (24.1.2013 for specified purposes, 19.2.2013 for specified purposes, 1.4.2013 in so far as not already in force) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 3 (with Sch. 20); S.I. 2013/113, art. 2(1)(b)(c)(2), Sch. Pts. 2, 3, 4; S.I. 2013/423, art. 3, Sch.
19(1)At least once a year the PRA must make a report to the Treasury on—U.K.
(a)the discharge of its functions,
(b)the extent to which, in its opinion, its objectives have been advanced,
[F2(ba)how it has complied with section 2H(1),]
(c)its consideration of the principles in section 3B F3...,
(d)how it has complied with section 3D,
(e)any direction given under section 3I or 3J during the period to which the report relates,
(f)how it has complied with section 354B(1) so far as relating to co-operation with persons outside the United Kingdom, and
(g)such other matters as the Treasury may from time to time direct.
(2)Sub-paragraph (1) does not require the inclusion in the report of any information whose publication would in the opinion of the PRA be against the public interest.
(3)The report must be accompanied by—
(a)a statement of the remuneration of the members of the governing body of the PRA during the period to which the report relates, and
(b)such other reports or information, prepared by such persons, as the Treasury may from time to time direct.
(4)The Treasury must lay before Parliament a copy of each report received by them under this paragraph.]
Textual Amendments
F2Sch. 1ZB para. 19(1)(ba) inserted (1.3.2014) by Financial Services (Banking Reform) Act 2013 (c. 33), ss. 130(3)(a)(i), 148(5); S.I. 2014/377, art. 2(1)(a), Sch. Pt. 1
F3Words in Sch. 1ZB para. 19(1)(c) omitted (1.3.2014) by virtue of Financial Services (Banking Reform) Act 2013 (c. 33), ss. 130(3)(a)(ii), 148(5); S.I. 2014/377, art. 2(1)(a), Sch. Pt. 1
Modifications etc. (not altering text)
C1Sch. 1ZB para. 19(1) applied (with modifications) (1.4.2013) by The Financial Services Act 2012 (Transitional Provisions) (Miscellaneous Provisions) Order 2013 (S.I. 2013/442), arts. 1(3), 4(2)