(1) The scheme manager must send a copy of its annual accounts to the Comptroller and Auditor General and the Treasury as soon as is reasonably practicable.
(2) The Comptroller and Auditor General must -
(a) examine, certify and report on accounts received under this section, and
(b) send a copy of the certified accounts and the report to the Treasury.
(3) The Treasury must lay the copy of the certified accounts and the report before Parliament.
(4) The scheme manager must send a copy of the certified accounts and the report to the regulators.
(5) Except as provided by section 218(4), the scheme manager is exempt from the requirements of Part 16 of the Companies Act 2006 (audit), and its balance sheet must contain a statement to that effect.
(6) In this section "annual accounts" has the meaning given by section 471 of the Companies Act 2006.