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7.—(1) The operator must prepare a report on the administration of the Fund, and send a copy of that report to the Scottish Ministers, no later than—
(a)31 July 2022, and
(b)31 July in each year thereafter.
(2) The operator must publish the report prepared under paragraph (1) no earlier than two weeks after it has been sent to the Scottish Ministers.
(3) The report prepared under paragraph (1) must include the information contained in records kept in accordance with article 6 for the following periods—
(a)in relation to the report prepared under paragraph (1)(a), the period beginning with the first payment made into the Fund and ending on 31 March 2022, and
(b)in relation to reports prepared under paragraph (1)(b), the period of twelve months prior to 31 March each year.
(4) For the purposes of this article, the publication of the report includes making the report available to the public on a website or by other electronic means.
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Policy Note sets out a brief statement of the purpose of a Scottish Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Scottish Statutory Instrument accessible to readers who are not legally qualified and accompany any Scottish Statutory Instrument or Draft Scottish Statutory Instrument laid before the Scottish Parliament from July 2012 onwards. Prior to this date these type of notes existed as ‘Executive Notes’ and accompanied Scottish Statutory Instruments from July 2005 until July 2012.
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