PART 5FR Scheme Administration
The Responsible OfficerI123
1
The FR Scheme administrator must designate the person who acts as its Chief Executive Officer as the responsible officer of the FR Scheme.
2
The responsible officer has the following responsibilities in relation to the FR Scheme—
a
accountability to Parliament for the stewardship of the FR Scheme, including management of its finances;
b
accountability to Parliament for the economy, efficiency and effectiveness with which the FR Scheme administrator uses resources in discharging its functions under the FR Scheme;
c
accountability to Parliament for propriety and regularity in the operation of the FR Scheme;
d
accountability to Parliament in respect of any reports laid under regulation 24;
e
the laying of a copy of the audited accounts of the FR Scheme and the annual report of its auditor before Parliament, no later than 3 months after the end of the financial year to which those accounts and annual report apply.