In this Schedule—
. . .
“functions”, in relation to the PRA, means functions conferred on the PRA by or under any provision of this Act (see section [2AB(3)] which affects the meaning of references to such functions).
The PRA must maintain satisfactory arrangements for—
(a) recording decisions made in the exercise of its functions, and
(b) the safe-keeping of those records which it considers ought to be preserved.
(1) At least once a year the PRA must make a report to the [Chancellor of the Exchequer] on—
(a) the discharge of its functions,
(b) the extent to which, in its opinion, its objectives have been advanced,
[(ba) how it has complied with section 2H(1),]
(c) its consideration of the principles in section 3B . . .,
(d) how it has complied with section 3D,
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