SCHEDULES
SCHEDULE 11

The financial ombudsman service
19
After paragraph 7 insert—

Audit of accounts
7A
1
The scheme operator must send a copy of its annual accounts to the Comptroller and Auditor General as soon as is reasonably practicable.
2
The Comptroller and Auditor General must—
a
examine, certify and report on accounts received under this paragraph, and
b
send a copy of the certified accounts and the report to the Treasury.
3
The Treasury must lay the copy of the certified accounts and the report before Parliament.
4
The scheme operator must send a copy of the certified accounts and the report to the FCA.
5
Except as provided by paragraph 7(5), the scheme operator is exempt from the requirements of Part 16 of the Companies Act 2006 (audit), and its balance sheet must contain a statement to that effect.
6
In this paragraph “annual accounts” has the meaning given by section 471 of the Companies Act 2006.
Sch. 11 para. 19 in force at 24.1.2013 for specified purposes by S.I. 2013/113, art. 2(1)(c), Sch. Pt. 3
Sch. 11 para. 19 in force at 1.4.2013 in so far as not already in force by S.I. 2013/423, art. 3, Sch.