# Public Authorities (Fraud, Error and Recovery) Act 2025, Paragraph 16: Annual report

Extent: E+W
Status: prospective

(1) As soon as reasonably practicable after the end of each financial year the PSFA must prepare a report on the exercise of its functions during that financial year.
(2) The PSFA must send the report to the Minister.
(3) The Minister must lay the report before Parliament and publish it.
(4) In this Schedule, “financial year” means—
(a) the period beginning with the date on which the PSFA is established and ending with 31 March following that date, and
(b) each successive period of 12 months.

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Source: https://www.legislation.gov.uk/ukpga/2025/28/schedule/2/paragraph/16 (the official version)
Page: https://openlegislation.uk/public-authorities-fraud-error-and-recovery-act-2025/schedule-2/paragraph-16
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.