Regulation 9 Accounts

(1)

The Authority must—

(a)

keep proper accounts and proper records for the purposes of those accounts; and

(b)

prepare a statement of accounts in respect of each financial year.

(2)

The statement of accounts must be in such form, and contain such information, as the Secretary of State may direct.

(3)

The Authority must, within such period after the end of each financial year as the Secretary of State may direct, send a copy of the statement of accounts relating to that year to the Secretary of State and to the Comptroller and Auditor General.

(4)

The Comptroller and Auditor General must—

(a)

examine, certify and report on every statement of accounts sent by the Authority under this regulation; and

(b)

lay copies of each such statement, and of the report on it, before each House of Parliament.