S.L. 442.3 Art. 7Reporting of the Committee.

(1) The Committee shall exercise a high degree of diligence in administering the funds under its responsibility. The Committee shall at all times assure the adequate liquidity of the Fund.

(2) The Committee shall make available, as a minimum twice a year, a report on the utilisation of the funding to the Minister and the Co-operatives Board.

(3) The Committee shall, by no later than three months after the end of each financial year, make available a complete report of the previous year, its activities and operations, including audited financial statements to the Minister and the Co-operatives Board. A copy of this report shall also be made available to the public.

(4) The Committee shall afford to the Minister every facility for obtaining and verifying information connected with the activities of the Committee, in order to enable the Minister to properly exercise his functions under these regulations.