Paragraph 10 Conditions relating to reporting

(1)

The scheme must provide that—

(a)

the scheme administrator must annually prepare and publish the documents specified in sub-paragraph (2);

(b)

where the scheme administrator is not the Secretary of State, the scheme administrator—

(i)

must send the documents specified in sub-paragraph (2) to the Secretary of State before publishing them, and

(ii)

must not publish those documents until they have been approved by the Secretary of State;

(c)

the scheme administrator must disclose to the Secretary of State such information as the Secretary of State may request for the purpose of monitoring the performance of the scheme.

(2)

The documents are—

(a)

a document describing—

(i)

the scheme administrator’s objectives for the next year,

(ii)

how they plan to achieve these objectives, and

(iii)

a list of key performance indicators for the scheme;

(b)

a report including a review of the scheme’s performance against the key performance indicators included in the document specified in paragraph (a) which was published the previous year;

(c)

accounts prepared in such manner as is determined by the Secretary of State.