Part 1The Office of Fair Trading

Establishment of OFT

4 Annual and other reports

1

The OFT shall, as soon as practicable after the end of each financial year, make to the Secretary of State a report (the “annual report”) on its activities and performance during that year.

2

The annual report for each year shall include—

a

a general survey of developments in respect of matters relating to the OFT’s functions;

b

an assessment of the extent to which the OFT’s main objectives and priorities for the year (as set out in the annual plan) have been met;

c

a summary of the significant decisions, investigations or other activities made or carried out by the OFT during the year;

d

a summary of the allocation of the OFT’s financial resources to its various activities during the year; and

e

an assessment of the OFT’s performance and practices in relation to its enforcement functions.

3

The OFT shall lay a copy of each annual report before Parliament and arrange for the report to be published.

4

The OFT may—

a

prepare other reports in respect of matters relating to any of its functions; and

b

arrange for any such report to be published.