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PART 8
Furnishing of reports and information by operator
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Furnishing by operator of annual report and information to Regulator
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47. (1) The operator shall, in accordance with standard accounting rules and guidelines keep all proper and usual accounts of all moneys received or expended by it, including a profit and loss account and a balance sheet and, in particular, shall keep all such special accounts as the Regulator may from time to time direct.
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(2) Accounts kept in pursuance of this section shall be submitted annually by the operator to an auditor for audit and a copy of the profit and loss account and of the balance sheet and of such other (if any) of its accounts as the Regulator may direct and a copy of the auditor’s report on the accounts shall be presented to the Regulator, not later than 4 months after the end of the financial year of the operator to which they relate, and the Regulator shall cause copies of each of the documents aforesaid and of the directors’ report to the shareholders of the operator for the financial year concerned of the operator to be laid before each House of the Oireachtas.
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(3) As soon as may be after the end of each financial year of the operator, but not later than 4 months thereafter, the operator shall make a report to the Regulator of its activities during that year and the Regulator shall cause copies of the report to be laid before each House of the Oireachtas.
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(4) The operator shall, if so required by the Regulator, furnish to the Regulator such information as he or she may request from time to time in respect of any account prepared by it or any report specified in subsection (2) or in relation to its policy and operations other than day to day activities.
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(5) Representatives of the operator shall appear before the Oireachtas Committee having functions relating to the National Lottery when requested to so do by that Committee.
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