Cap. 565 Art. 25Annual Report.

(1) The Regulator shall, by not later than eight weeks after the end of each calendar year, prepare and present to the Minister an annual report which shall include:

(a) a report of the Regulator’s office activities during the preceding year;

(b) a general description of the circumstances of family businesses in Malta and any developments which may affect the sector;

(c) any recommendation regarding legislation, regulations, policies or other matters affecting the family business sector; and

(d) accounts and other financial records referred to in this Act.

(2) The Regulator shall cause to be kept proper accounts and other financial records in respect of the operations of his office, and shall cause to be prepared a statement of accounts in respect of each financial year. After the end of each financial year, and not statement or on the accounts of the office of the Regulator.