# The Financial Services Act 2012 (Transitional Provisions) (Miscellaneous Provisions) Order 2013, Article 3: The annual report of the FCA


(1) Paragraphs (2) and (3) apply to the first annual report made by the FCA in accordance with paragraph 11 of Schedule 1ZA (the Financial Conduct Authority).
(2) The report must be made within a year of the date on which the last annual report made by the Authority in accordance with paragraph 10 of Schedule 1 (as that paragraph applied on the date on which that report was made) was made.
(3) To the extent that the report relates to a period before the commencement date, paragraph 11 of Schedule 1ZA applies as if it required the FCA also to report on—
(a) the discharge by the Authority of its functions;
(b) the extent to which, in the FCA’s opinion, the regulatory objectives of the Authority were met; and
(c) the FCA’s consideration of the matters specified in section 2(3) (the Authority’s general duties) as it applied to the Authority immediately before the commencement date.

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Source: https://www.legislation.gov.uk/uksi/2013/442/article/3 (the official version)
Page: https://openlegislation.uk/financial-services-act-2012-transitional-provisions-miscellaneous-provisions-order-2013/article-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.