(1)As soon as reasonably practicable after the end of each financial year, the IFR must submit to the Secretary of State an annual report on the exercise of its functions during the year.
(2)The report must include—
(a)a summary of the activities undertaken by the IFR during that year, and
(b)such other information as the Secretary of State may direct the IFR to include in the report.
(3)The IFR must arrange for a copy of every report under this section to be laid before Parliament by the Secretary of State.
(4)In this section, “financial year” means—
(a)the period beginning with the day on which this section comes into force and ending with 31 March in the following year, and
(b)each successive period of 12 months.
Commencement Information
I1S. 14 in force at Royal Assent, see s. 100(2)(b)