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11(1)As soon as possible after the end of each financial year, the regulator must prepare an annual report on how it has exercised its functions during the year.E+W
(2)The regulator must—
(a)lay a copy of the report before Parliament, and
(b)once it has done so, send a copy of it to the Secretary of State.
(3)The regulator must in respect of each financial year prepare a report which provides an overall summary of the accounts of NHS foundation trusts.
(4)The report must be prepared as soon as possible after the regulator has received the accounts of all NHS foundation trusts for the relevant financial year.
(5)The regulator must—
(a)lay a copy of the report before Parliament, and
(b)once it has done so, send a copy of it to the Secretary of State.
(6)The regulator must provide the Secretary of State with such other reports and information relating to the exercise of the regulator’s functions as he may require.
Commencement Information
I1Sch. 2 para. 11 in force at 1.1.2004 by S.I. 2003/3346, art. 2
12(1)The regulator must keep accounts in such form as the Secretary of State may direct.E+W
(2)The regulator must prepare in respect of each financial year annual accounts in such form as the Secretary of State may direct.
(3)The regulator must send copies of the annual accounts to the Secretary of State and the Comptroller and Auditor General within such period after the end of the financial year to which the accounts relate as the Secretary of State may direct.
(4)The Comptroller and Auditor General must examine, certify and report on the annual accounts and must lay copies of them and of his report before Parliament.
(5)In paragraph 11 and this paragraph, “financial year” means—
(a)the period beginning with the establishment of the regulator and ending with the next 31st March, and
(b)each successive period of twelve months beginning with 1st April.
Commencement Information
I2Sch. 2 para. 12 in force at 1.1.2004 by S.I. 2003/3346, art. 2
13E+WThe regulator must respond in writing to any recommendation which—
(a)is made by a Committee of either House of Parliament, or a Committee of both Houses, and
(b)relates to the exercise by the regulator of its functions.
Commencement Information
I3Sch. 2 para. 13 in force at 1.1.2004 by S.I. 2003/3346, art. 2
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