PART 4

Miscellaneous

Annual report

Annual report
61
1
The Secretary of State must, in relation to each relevant period—
a
prepare a report in accordance with this section, and
b
lay a copy of it before each House of Parliament as soon as is practicable after the end of that period.
2
Each report must provide details of—
a
the expenditure incurred by the Secretary of State in giving, or in connection with giving, financial assistance falling within section 30,
b
the amount of the actual or contingent liabilities of the Secretary of State at the end of the relevant period in respect of such financial assistance,
c
the number of mandatory notices accepted,
d
the number of mandatory notices rejected,
e
the average number of working days—
i
from receipt of a mandatory notice to notification of a decision to accept that notice, and
ii
from receipt of a mandatory notice to giving written reasons for a decision to reject that notice,
f
the sectors of the economy in relation to which mandatory notices were given,
g
the number of voluntary notices accepted,
h
the number of voluntary notices rejected,
i
the average number of working days—
i
from receipt of a voluntary notice to notification of a decision to accept that notice, and
ii
from receipt of a voluntary notice to giving written reasons for a decision to reject that notice,
j
the sectors of the economy in relation to which voluntary notices were given,
k
the number of call-in notices given,
l
the sectors of the economy in relation to which call-in notices were given,
m
the number of final notifications given,
n
the number of final orders made,
o
the number of final orders varied,
p
the number of final orders revoked.
3
“Relevant period” means—
a
the period beginning with the day on which this section comes into force and ending with the following 31 March, and
b
each subsequent period of 12 months.
S. 61 in force at 4.1.2022 by S.I. 2021/1465, regs. 2, 3 (with regs. 4, 5)