5(1)After the abolition of the office of the Director, any duty of his to make an annual report, in relation to any calendar year for which such a report has not been made, shall be performed by the OFT.
(2)The period between the abolition of that office and the end of the preceding calendar year (if less than 12 months) shall be treated as the calendar year for which the last annual report is required.
(3)If that period is nine months or more, the OFT shall make the last annual report as soon as practicable after the end of that period.
(4)Otherwise the OFT shall make the last annual report no later than the making of its first report under section 4(1).
(5)In this paragraph “annual report” means a report required by section 125(1) of the 1973 Act.