Financial Services and Markets Act 2000

17 Conclusion of inquiry.U.K.

This section has no associated Explanatory Notes

(1)On completion of an inquiry under section 15, the person holding the inquiry must make a written report to the Treasury—

(a)setting out the result of the inquiry; and

(b)making such recommendations (if any) as he considers appropriate.

(2)The Treasury may publish the whole, or any part, of the report and may do so in such manner as they consider appropriate.

(3)Subsection (4) applies if the Treasury propose to publish a report but consider that it contains material—

(a)which relates to the affairs of a particular person whose interests would, in the opinion of the Treasury, be seriously prejudiced by publication of the material; or

(b)the disclosure of which would be incompatible with an international obligation of the United Kingdom.

(4)The Treasury must ensure that the material is removed before publication.

(5)The Treasury must lay before each House of Parliament a copy of any report or part of a report published under subsection (2).

(6)Any expenses reasonably incurred in holding an inquiry are to be met by the Treasury out of money provided by Parliament.