Article 17 Financial year
(1)
The Panel’s first financial year is the period that begins with the establishment day and ends with—
(a)
the following 31 March (if the establishment day is 1 April), or
(b)
the second following 31 March (if the establishment day is not 1 April).
(2)
Subject to paragraph (1), the Panel’s financial year is each period of 12 months ending with 31 March.