Part 7Miscellaneous

Treasury support for banks

231Reports

(1)

The Treasury shall prepare reports about any arrangements entered into which involve or may require reliance on section 228(1).

(2)

A report must be prepared in respect of—

(a)

the period beginning with 1st April 2009 and ending with 30th September 2009, and

(b)

each successive period of 6 months;

but no report is required for a period in respect of which there is nothing to record.

(3)

The Treasury shall lay each report before the House of Commons as soon as is reasonably practicable.

(4)

A report must not—

(a)

specify individual arrangements, or

(b)

identify, or enable the identification of, individual beneficiaries.

(5)

The Treasury must aim to give as much information as possible in a report, subject to subsection (4) and other considerations of public interest.