39 Reporting requirements
Financial Services and Markets Act 2023 (2023 c 29) | Legislation

39  Reporting requirements

(1)     FSMA 2000 is amended as follows.

(2)     After paragraph 11 of Schedule 1ZA insert—

“Other reports

11A

(1)     The Treasury may (subject to this paragraph) at any time by direction require the FCA to publish a report containing information about—

(a)     any of the matters mentioned in paragraphs (a) to (ia) of paragraph 11(1);

(b)     such other matters that the direction may specify.

(2)     The Treasury may give a direction under this paragraph requiring information to be published only if the Treasury consider that—

(a)     the information is reasonably necessary for the purpose of reviewing and scrutinising the discharge of the FCA's functions, and

(b)     other available information is not sufficient to meet that purpose.

(3)     Subject to sub-paragraph (4), the FCA must publish a report prepared under a direction given under this paragraph in

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