(1) The rules may require an authorised bank to provide reports to the Bank of England in respect of its banknotes which -

(a) are in circulation;

(b) have the potential to enter circulation;

(c) are excluded banknotes;

(d) have been ordered from a printer;

(e) are in the course of being printed;

(f) have been printed;

(g) have been destroyed; or

(h) are being held on behalf of the bank otherwise than as bearer.

(2) The rules may require an authorised bank to provide reports to the Bank of England in respect of its backing assets.

(3) The rules may make provision -

(a) for the frequency with which such reports must be provided and the period to which they must relate; and

(b) for the reports to include an estimate of the value of any description of banknotes or backing assets, and the method by which such an estimate is to be obtained.