Section 126(7)

Where a sum has been paid out by the Treasury in consequence of an indemnity agreed to under this section, the Treasury must lay a statement relating to that sum before Parliament— as soon as practicable after the end of the financial year in which that sum is paid out, and (except where subsection (5) does not apply in the case of the sum) as soon as practicable after the end of each subsequent relevant financial year.

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Source: legislation.gov.uk · retrieved 2026-09-04