(1)The OFT shall, as soon as practicable after the end of each financial year, make to the Secretary of State a report (the “annual report”) on its activities and performance during that year.
(2)The annual report for each year shall include—
(a)a general survey of developments in respect of matters relating to the OFT’s functions;
(b)an assessment of the extent to which the OFT’s main objectives and priorities for the year (as set out in the annual plan) have been met;
(c)a summary of the significant decisions, investigations or other activities made or carried out by the OFT during the year;
(d)a summary of the allocation of the OFT’s financial resources to its various activities during the year; and
(e)an assessment of the OFT’s performance and practices in relation to its enforcement functions.
(3)The OFT shall lay a copy of each annual report before Parliament and arrange for the report to be published.
(4)The OFT may—
(a)prepare other reports in respect of matters relating to any of its functions; and
(b)arrange for any such report to be published.
Textual Amendments applied to the whole legislation
F1Act: for the words "solicitor of the Supreme Court of Northern Ireland" wherever they occur there is substituted (prosp.) the words "solicitor of the Court of Judicature of Northern Ireland" by virtue of Constitutional Reform Act 2005 (c. 4), ss. 59, 148(1), Sch. 11 para. 5 [Editorial Note: this amendment will be carried through into the text of the Act at the same time as any other effects on the Act for the year in which the relevant commencement order (or first such order) is made]