(1) Subject to subsection (2), a branch shall report the following information to the Bank on an annual basis:
(a) the total assets corresponding to the activities of the branch;
(b) information on the liquid assets available to the branch, including the availability of liquid assets in EEA state currencies;
(c) the own funds that are at the disposal of the branch;
(d) the deposit protection arrangements available to depositors in the branch;
(e) the risk management arrangements;
(f) the governance arrangements, including key function holders for the activities of the branch;
(g) the recovery plans covering the branch;
(h) any other information considered by the Bank to be necessary to enable comprehensive monitoring of the activities of the branch.
(2) The Bank may direct a branch to report the information required under subsection (2) more frequently than is provided for in that subsection where such a direction is necessary to ensure effective supervision of the branch.