Paragraph 38
(1)
As soon as reasonably practicable after the end of each calendar year, the Treasury must—
(a)
prepare a report about their exercise during that year of their functions under this Schedule, and
(b)
lay a copy of the report before Parliament.
(2)
Sub-paragraph (1) does not apply in relation to a year if no direction under this Schedule is in force at any time in that year.