F1SCHEDULE 1AFurther provision about the consumer financial education body
Part 1General
Annual reports
9
(1)
At least once a year, the consumer financial education body must make a report to the F2FCA in relation to the discharge of the consumer financial education function.
(2)
The report must—
(a)
set out the extent to which the body has met its objectives and priorities for the period covered by the report;
(b)
include a copy of its latest accounts; and
(c)
comply with any requirements specified in rules made by the F2FCA.
(3)
The consumer financial education body must publish each report in the way it considers appropriate.
(4)
Nothing in this paragraph requires the consumer financial education body to make a report at any time in the period of 12 months beginning with its establishment.
F3(5)
The Treasury may—
(a)
require the consumer financial education body to comply with any provision of the Companies Act 2006 about accounts and their audit which would not otherwise apply to it, or
(b)
direct that any provision of that Act about accounts and their audit is to apply to the consumer financial education body with such modifications as are specified in the direction, whether or not the provision would otherwise apply to it.
(6)
Compliance with any requirement under sub-paragraph (5)(a) or (b) is enforceable by injunction or, in Scotland, an order for specific performance under section 45 of the Court of Session Act 1988.
(7)
Proceedings under sub-paragraph (6) may be brought only by the Treasury.