(1) At least once a year, the scheme manager must make a report to the [regulators] [and the Treasury] on the discharge of its functions.
(2) The report must—
(a) include a statement setting out the value of each of the funds established by the compensation scheme; and
(b) comply with any requirements specified in rules made by the [regulators] [or in contingency fund regulations].
(3) The scheme manager must publish each report in the way it considers appropriate.
[(4) The Treasury may—
(a) require the scheme manager to comply with any provisions of the Companies Act 2006 about accounts and their audit which would not otherwise apply to it, or
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