(1) Before making a report to the Bank under section 42, the Assessor shall, subject to subsection (2), send a draft of the report to -

(a) each person who made a submission to the Assessor, and

(b) any other person, or each person in any class of persons, that the Bank specifies in writing,

inviting the person to make written submissions concerning the draft report and specifying a reasonable period in which to do so.

(2) The Assessor may, instead of sending the entire draft of the report -

(a) in respect of each person mentioned in paragraph (a) or (b) of subsection (1), send to the person the part of the draft report that is relevant to that person, or

(b) omit from the draft report any evidence or material if including that evidence or material would, in the Assessor’s opinion, disclose commercially sensitive information or would otherwise be contrary to the public interest.

(3) Before making the report to the Bank under section 42, the Assessor shall consider any submissions made in accordance with the Assessor’s invitation under subsection (1) and shall revise the report as appropriate.