7(1)The Director must provide to the Secretary of State, as soon as possible after the end of each financial year, a report on how he has performed his functions during that year.E+W
(2)The Secretary of State may by direction require the Director, either in a report under sub-paragraph (1) or in a special report, to report to him on such matters related to access to higher education as may be specified in the direction.
(3)The Secretary of State must lay before each House of Parliament a copy of each report provided to him under this paragraph; and the Director must publish the report once it has been so laid.
(4)In this paragraph and paragraph 8 “financial year” means—
(a)the period beginning with the date on which the first Director takes office and ending with the next 31st March, and
(b)each subsequent period of twelve months ending with 31st March.