SCHEDULES

SCHEDULE 5Official Property Holder for Community Interest Companies

Reports

I16

1

As soon as possible after the end of each financial year, the Official Property Holder must prepare a report on the exercise of the Official Property Holder’s functions during the financial year.

2

The Official Property Holder must send a copy of the report to the Regulator.

3

Financial year” means—

a

the period beginning with the date on which a person is first appointed as the Official Property Holder and ending with the next 31st March, and

b

each successive period of 12 months beginning with 1st April.