; (B) is not likely to be repeated in the future; and (C) has been reversed or otherwise mitigated through positive countermeasures taken by that foreign financial institution. (d) Form of report Each report under subsection (a) shall be submitted in unclassified form but may include a classified annex. (e) Timing of report (1) In general Each report under subsection (a), to the extent practicable, shall be submitted with the annual report under section 301 of the United States-Hong Kong Policy Act of 1992 ( 22 U.S.C. 5731 ). (2) Rule of construction Nothing in this subsection shall be construed to terminate the requirement to submit the report under subsection (a) upon the termination of the requirement to submit the annual report under section 301 of the United States-Hong Kong Policy Act of 1992 ( 22 U.S.C. 5731 ). (f) Material contributions related to obligations of China described For purposes of this section, a foreign person materially contributes to the failure of the Government of China to meet its obligations under the Joint Declaration or the Basic Law if the person— (1) took action that resulted in the inability of the people of Hong Kong— (A) to enjoy freedom of assembly, speech, press, or independent rule of law; or (B) to participate in democratic outcomes