(1) The Bank shall keep proper accounts and records in relation to the accounts.
(2) The Bank shall prepare for each of its financial years a statement of accounts consisting of-
(a) a balance sheet as at the last day of the year, and
(b) a profit and loss account.
(2A) The Bank shall also prepare for each of its financial years a statement of accounts in relation to -
(a) income received and assets accrued by the Bank by virtue of its functions as the Prudential Regulation Authority, and
(b) expenses and liabilities incurred by the Bank by virtue of its functions as the Prudential Regulation Authority.
(3) In preparing accounts under subsection (2), the Bank shall be subject to requirements corresponding to the relevant Companies Act requirements, except insofar as the accounts relate to the Issue Department.
(4) The Bank may disregard a requirement to which it is subject under subsection (3) to the extent that it considers it necessary to do so having regard to the Financial Stabilit
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