47.— (1) IFI shall, as soon as may be but not later than 4 months after the end of each year, prepare and submit to the Minister a written report (“annual report”) of its activities during the year.

(2) The Minister shall, as soon as may be but not later than 6 months after the end of the year to which it relates, cause a copy of a report under subsection (1) to be laid before each House of the Oireachtas.

(3) A report under this section shall include information in such form and about such matters (including the financial accounts of IFI) as the Minister may direct.

(4) IFI shall, whenever so requested by the Minister, furnish to the Minister information in relation to such matters as the Minister may specify concerning or relating to its activities, or in respect of any account kept by IFI under section 46 or any report under subsection (1).