(1) The trustees of each plan registered under this Part shall—
(a) submit annually to the Registrar a balance sheet and statement of accounts for each accounting year within 6 months of the expiration of that accounting year; and
(b) file with the Registrar annually or at such periods and in such form as may be prescribed any information or return relating to such plan.
(2) The balance sheet and statement of accounts referred to in subsection (1) shall—
(a) before they are submitted to the Registrar be audited by an auditor approved by him or her; and
(b) be prepared in accordance with the format approved by the Registrar.