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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 March 2017 - onwards
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4. Annual report by the Bank

(1) As soon as practicable after the end of each of its financial years, the Bank shall make to the Chancellor of the Exchequer a report on its activities in that year.

(2) A report under this section shall, in particular, contain-

(a) a report by the court of directors on the matters which it reviews, monitors or otherwise considers in the performance of its oversight functions (as defined by section 3A(2)),

(aa) a report by the court of directors on the activities of the Financial Policy Committee of the Bank, and

(b) a copy of the statements for the year prepared under section 7(2) and (2A) and the report of the Bank's auditors on them.

(3) [deleted]

(4) A report under this section shall also contain-

(a) a statement of the rate or rates at which non-executive directors of the Bank have been remunerated in the financial year to which the report relates, and

(b) a statement of the Bank's objectives and strategy, as determined by the court of directors of the Bank, for the financial y

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