Cap. 204 Art. 21Annual accounts.

(1) The financial year of the Bank shall begin on the first day of January and end on the thirty-first day of December.

(2) The Bank shall, as soon as may be but not later than three months after the close of each financial year of the Bank, transmit to the Minister -

(a) a copy of the annual accounts certified by the auditors; and

(b) a report on its operations during that year, and shall publish the report referred to in paragraph (b).

(3) The Minister shall, as soon as may be and, in respect of the requirement of paragraph (a) of this sub-article, not later than the first sitting of the House of Representatives after the seventh day of April -

(a) cause a copy of the annual accounts and of the report aforesaid to be laid before the House of Representatives; and

(b) cause a copy of the annual accounts of the Bank to be published in the Gazette.

(4) The Bank shall, as soon as may be after the last working day of each month, make up and publish a return of its assets and liabilities as at the close of business on that day. A copy of the return shall be transmitted to the Minister who shall cause it to be published in the Gazette.

(5) The Bank shall observe the standard rules of accounting and reporting as may be established by the Governing Council of the European Central Bank under article 26(4) of the Statute.