(1) Part 6 of the Companies Act shall apply to HBFI and any HBFI group entity subject to the modifications specified in subsections (2) to (7).

(2) HBFI and any HBFI group entity shall, not later than 2 months after the end of the financial year to which they relate, submit the statutory financial statements, prepared in accordance with Part 6 of the Companies Act, to the Comptroller and Auditor General for audit.

(3) The Comptroller and Auditor General shall -

(a) audit, and

(b) prepare a report in the form set out in section 336 of the Companies Act on, the statutory financial statements submitted to him or her under subsection (2).

(4) HBFI shall, as soon as practicable after receipt of the report of the Comptroller and Auditor General prepared under subsection (3), present to the Minister a copy of -

(a) the statutory financial statements submitted to the Comptroller and Auditor General under subsection (2), and

(b) the report prepared under subsection (3).