Annual report

(1) The Registrar shall, on or before the 30th day of March in each year, prepare and deliver to the Minister a report consisting of, (a) a summary of the nature and number of, (i) filings made under this Act; (ii) and licences granted under this Act; (iii) enforcement proceedings or disciplinary measures taken under this Act; 15 (b) a general commentary on the law relating to the mutual funds industry and on the practice and development of that law. (2) On receiving the report delivered to him pursuant to subsection (1) of this section, the Minister shall lay the report before the House of Representatives.