Financial Sector Regulation Act, 2017 (Act No. 9 of 2017)Chapter 3 : Prudential AuthorityPart 3 : Staff, resources and financial management55. Annual reports and financial accounts |
| (1) | The Chief Executive Officer must— |
| (a) | ensure that full and proper records of the financial affairs of the Prudential Authority are kept and maintained; |
| (b) | prepare financial accounts for the Prudential Authority for each financial year which will form part of the annual report of the Reserve Bank; and |
| (c) | submit to the Minister, within five months after the end of each financial year, for tabling in the National Assembly an annual report on the activities of the Prudential Authority during that financial year, including particulars of any matters that may be prescribed by Regulation for this section. |
| (2) | The financial accounts of the Prudential Authority referred to in subsection (1)(b)— |
| (a) | must be disclosed in the annual report of the Reserve Bank in a manner that reflects the direct costs that accrue to the Prudential Authority; and |
| (b) | may be disclosed in the form of an annexure to the annual report of the Reserve Bank. |