SCHEDULES
SCHEDULE 3Regulator of Community Interest Companies
Reports and other information
I17
1
The Regulator must, in respect of each financial year, prepare a report on the exercise of the Regulator’s functions during the financial year.
2
The Regulator must prepare accounts in respect of a financial year if the Secretary of State so directs.
3
The Regulator must send a copy of the accounts to the Comptroller and Auditor General.
4
The Comptroller and Auditor General must examine, certify and report on the accounts and send a copy of the report to the Regulator.
5
The Regulator must include the accounts and the Comptroller and Auditor General’s report on them in the report prepared by the Regulator in respect of the financial year to which the accounts relate.
6
The Regulator must prepare that report as soon as possible after the end of the financial year to which it relates.
7
The Regulator must send to the Secretary of State a copy of—
a
each report prepared by the Regulator under sub-paragraph (1), and
b
each report prepared by the Official Property Holder under paragraph 6 of Schedule 5.
8
The Secretary of State must lay before each House of Parliament a copy of each of those reports.
9
The Regulator must supply the Secretary of State with such other reports and information relating to the exercise of the Regulator’s functions as the Secretary of State may require.
10
“Financial year” means—
a
the period beginning with the date on which a person is first appointed as the Regulator and ending with the next 31st March, and
b
each successive period of 12 months beginning with 1st April.