Part 2The Legal Services Board
General functions
6Annual report
1
The Board must prepare a report (“the annual report”) for each financial year.
2
The annual report must deal with—
a
the discharge of the Board's functions,
b
the extent to which, in the Board's opinion, the Board has met the regulatory objectives, and
c
such other matters as the Lord Chancellor may from time to time direct.
3
As soon as reasonably practicable after the end of each financial year, the Board must give the Lord Chancellor a copy of the annual report prepared for that year.
4
The Lord Chancellor must lay a copy of the annual report before Parliament.
5
In this section “financial year” means—
a
the period beginning with the day on which the Board is established and ending with the next following 31 March, and
b
each successive period of 12 months.