Schedule 7, Part 8 Supplementary and general (paras. 38-46)
Report to Parliament
(1) As soon as reasonably practicable after the end of each calendar year, the Treasury must -
(a) prepare a report about their exercise during that year of their functions under this Schedule, and
(b) lay a copy of the report before Parliament.
(2) Sub-paragraph (1) does not apply in relation to a year if no direction under this Schedule is in force at any time in that year.
Supervision by supervisory authority
(1) A supervisory authority must take appropriate measures to monitor persons operating in the financial sector for whom it is the supervisory authority for the purpose of securing compliance by those persons with the requirements of any directions under this Schedule.
(2) For the purposes of this Schedule -
(a) the FCA is the supervisory authority for -