SCHEDULES
SCHEDULE 1The Pensions Regulator
Part 5Funding and accounts
Accounts
I127
1
The Regulator must—
a
keep proper accounts and proper records in relation to the accounts, and
b
prepare in respect of each financial year a statement of accounts.
2
Each statement of accounts must comply with any directions given by the Secretary of State with the approval of the Treasury as to—
a
the information to be contained in it and the manner in which it is to be presented;
b
the methods and principles according to which the statement is to be prepared;
c
the additional information (if any) which is to be provided for the information of Parliament.
3
The Regulator must send a copy of each statement of accounts—
a
to the Secretary of State, and
b
to the Comptroller and Auditor General,
before the end of the month of August next following the financial year to which the statement relates.
4
The Comptroller and Auditor General must—
a
examine, certify and report on each statement of accounts which he receives under sub-paragraph (3), and
b
lay a copy of each statement and of his report before each House of Parliament.
5
In this paragraph “financial year” means—
a
the period beginning with the date on which the Regulator is established and ending with the next following 31st March, and
b
each successive period of 12 months.