Panel shall prepare and provide to all Parties and the Authority, no later than 30th June in each BSC Year (the “current” year), a report summarising the implementation of The Code and the activities of the Panel and its committees and of BSCCo in the preceding BSC Year. The Annual BSC Report shall include: (a) a review of the operation of Settlement and the implementation of The Code generally; (b) a review of the implementation of the Modification Procedures and the Modification Proposals which have been subject to those procedures; (c) a report on the performance by each BSC Agent of its functions under The Code and pursuant to its BSC Agent Contract; (d) a review against the Business Strategy for that BSC Year of the activities undertaken by BSCCo, and a review against the Annual Budget for that BSC Year of the expenditure of BSCCo; (e) a report on the performance of each SMRS and compliance with the BSC Requirements for the MRA, and a review of arrangements (relevant to implementation of The Code) between Parties and parties to the MRA; (f) a report in relation to Trading Disputes (g) a report on the performance by each Market Index Data Provider of its functions under The Code and pursuant to its Market Index Data Provider Contract; in and in respect of the report BSC Year. means the report to be prepared in respect of each BSC Year pursuant to Section B6.1