SCHEDULES

C1SCHEDULE 1The trustee corporation

Annotations:
Modifications etc. (not altering text)

Part 2Proceedings etc

Annual report

17

1

As soon as is reasonably practicable after the end of each financial year, the trustee corporation must send to the Secretary of State a report on the exercise of the trustee corporation's functions during that year.

2

The report must include—

a

a report on the trustee corporation's proceedings during the year, and

b

any information the Secretary of State directs, relating to the financial position of the trustee corporation or any other matter.

3

The Secretary of State must lay before Parliament a copy of each report received under this paragraph.