(1) The company shall, not later than 30 April in each year commencing from 2022, prepare and submit to the Minister a statement relating to its performance in regulating aviation safety (in this section called an 'aviation safety performance statement').

(2) An aviation safety performance statement shall be in 2 parts as follows:

(a) details, including the aims and objectives, of regulatory activity planned for the current year (in this subsection called a 'regulatory performance plan');

(b) a review of the company's regulatory performance during the preceding year having regard to the regulatory performance plan for that year and any other relevant matters.

(3) The review of the company's regulatory performance required by subsection (2)(b) shall include details of the activities carried out during the relevant year and the outcome and follow up from external oversight in relation to -

(a) the European Aviation Safety Programme referred to in Article 5 of the EASA Basic Regulation,

(b) the safety programme established and maintained by the State pursuant to Article 7 of the EASA Basic Regulation,