Commentary on Sections Treasury support for banks Section 231: Reports
513.Subsection (1) requires the Treasury to lay a report before the House of Commons about arrangements entered into that involve or may require money to be provided by Parliament under section 228(1).
514.Under subsection (2) reports are to be prepared in respect of each successive six-month period beginning with the period starting on 1 April 2009. But the Treasury is not obliged to lay a report if no such arrangements have been entered into during the relevant period. Where a report is required to be laid, subsection (3) requires that to take place as soon as reasonably practicable after the end of the relevant period.
515.Subsection (4) requires the Treasury to ensure that a report does not specify any specific arrangements entered into or identify (or enable the identification of) beneficiaries of the arrangements).
516.Subsection (5) provides that the Treasury must aim to give as much information as possible in a report. But this is subject to subsection (4) and other considerations of public interest.