(1) The IMO must prepare and deliver to the Minister in each year an annual report on the operations of the IMO, which is to be done in accordance with clauses 30 and 31 of Schedule 3.
(2) The Minister must within 21 days after the day on which a copy of the annual report is delivered to the Minister cause a copy of the report to be laid before each House of Parliament or dealt with in accordance with regulation 51.