PART 6Reports on overheads and forward planning etc

General requirements33

1

Every report provided under this Part must contain the following information—

a

the name, position and contact details of—

i

the individual submitting the report; and

ii

an individual to be notified if any compliance notice or penalty notice is given in relation to the report;

b

the date the report is due;

c

the date the report is submitted; and

d

the relevant financial year to which the report relates.

2

A report provided under any of regulations 34 to 39 must contain the following information—

a

the name of the QBU to which it relates;

b

the relevant accounting period to which the report relates; and

c

an address to which correspondence relating to the report may be sent.

3

Where a report requires an analysis of staffing costs, that must include—

a

the total number of employees;

b

the proportion of the cost of employing those employees recovered through cost recovery rates, and the proportion recovered through direct costs;

c

the total number of contractors; and

d

the proportion of the cost of engaging those contractors recovered through cost recovery rates, and the proportion recovered through direct costs.

4

In this regulation, “contractor” means any individual who provides services under contract for the purposes of activities undertaken by a QBU, but who is not employed by the designated person or any person associated with the designated person.

5

All reports provided under this Part must be provided to the Secretary of State and to the SSRO.

6

All reports under this Part, except a strategic industry capacity report (regulation 40), must be provided in electronic form.

7

A strategic industry capacity report must be provided either in electronic form or in hard copy.

8

In preparing reports, the designated person must have regard to any relevant guidance issued by the SSRO.