Valid from 01/01/2005
Prospective
10(1)The body shall at least once in each year for which the delegation order is in force make a report to the Secretary of State on the discharge of the functions transferred to it and on such other matters as the Secretary of State may by order require.
(2)The Secretary of State shall lay before Parliament copies of each report received by him under this paragraph.
(3)The Secretary of State may, with the consent of the Treasury, give directions to the body with respect to its accounts and the audit of its accounts and it is the duty of the body to comply with the directions.
(4)A person shall not be appointed auditor of the body unless he is eligible for appointment as a company auditor under section 25.