Unit of accounts, and reports

(1) The reporting of the accounts of the Permanent Restricted Account shall be done in United States Dollars using currency conversion principles in accordance with international accounting standards. (2) The Central Bank shall prepare (and the Governor shall sign) financial year annual accounts of the Fund and of the Central Bank insofar as applicable to its role and responsibilities 42 Management Fund under this Act, and lay them before the National Assembly, within sixty days after the end of the period concerned, accompanied by written reports on the accounts and activities of the Fund and of the Bank in regard to that role and those responsibilities in that period in such detail and dealing with such matters as shall constitute full and frank disclosure in form readily understandable by ordinary persons. (3) The Investment Committee shall prepare (and the Chairperson shall sign) financial year annual accounts of the Committee, and lay them before the National Assembly, within sixty days after the period concerned, accompanied by a written report on the accounts and the activities of the Committee and on the performance of the investments of the Fund in that period, including, (a) comparisons of that performance against market indices and other benchmarks which it decides are appropriate in the circumstances; (b) a commentary thereon; and (c) such other information as it reasonably decides is appropriate and will represent full and fair disclosure and aid understanding. (4) The Independent Oversight Board shall prepare (and the Chairperson shall sign) financial year annual accounts of the Board, and lay them before the National Assembly within sixty days after the end of the period concerned, accompanied by a written report on the accounts and the activities of the Board in that period. (5) The Central Bank, the Chairperson of the Investment Committee and the Chairperson of the Independent Oversight Board shall provide true and fair copies of the respective accounts and reports of the Fund, the Central Bank, the Management Fund 43 Committee and the Board mentioned in this section to the Public Information Office, promptly after they have been laid before the National Assembly.