Well it is true that there is only a statutory obligation to report levels to parents in yr 2 and yr 6 however a look at the guidance is most helpful!
From pg 10 of the APP Teacher's Handbook (APP is the process through which levels are determined): -
Using AFs when periodically reviewing and assessing pupils’ on-going work helps teachers to:
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have a consistent approach and language for talking about pupils’ progress with pupils themselves, parents/carers and other teachers
AND
The high-quality information generated from APP assessment judgements can be used in a number of ways to inform:
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feedback to pupils and parents/carers
Using APP to report progress to parents is mentioned a third time, but in a grid which I can't reproduce here. The point is right from APPs inception the intention was that the information gain from continuous assessment would be useful in keeping parents up to date with their children's progress.
Now you can argue it doesn't say that the teacher should report or share the actual level but how else would you use APP to inform parents of progress. If you only share next targets, then a parent only need look at the relevant APP grid and they can work it out for themselves. And next targets are not progress. You could say you're child have progressed 3 sublevels, great job, but that's hardly having "a consistent approach to ... language" or using the "high-quality information generated from APP assessment" is it?
More to the point why wouldn't you share this information - it's useful to parents that want to support their children. If a parent isn't interested fair enough, but if they are.....
You are entitled to view all information held on your child, and your school will hold your child's levels. Some schools provide this information as a matter of course, many schools will provide this information verbally if requested, some schools will make out that they couldn't possibly provide this information (sets a president blah blah blah), however if you request your child's records in writing they have to provide it. It's a pain through, because it's all or nothing then, either you go without, or put the request in writing and then have every record on your child to sift through. So think sledgehammer - nut scenario!