The Transparency of Donations and Loans etc. (Northern Ireland Political Parties) Order 2018

Amendments to Schedule 6A to the 2000 Act

7.—(1) Schedule 6A to the 2000 Act (details to be given in transaction reports) is amended as follows.

(2) In paragraph 8 (relevant date for a transaction)—

(a) in sub-paragraph (1), after “For the purposes of paragraph 5(4) as it applies to a quarterly report,” insert “but subject to sub-paragraphs (1A) and (1B),”, and

(b) after sub-paragraph (1), insert—

“(1A) For the purposes of paragraph 5(4) as it applies to a quarterly report in respect of a period beginning on or after 1 January 2018, the relevant date for a transaction to which this sub-paragraph applies is the date on which the transaction was entered into.

(1B) Sub-paragraph (1A) applies to a transaction which—

(a) is entered into by a Northern Ireland participant, or an accounting unit of a Northern Ireland participant, before 1 July 2017, and

(b) is within section 71M(9).

(1C) In this Schedule, “Northern Ireland participant” means a party registered in the Northern Ireland register.”

(3) After paragraph 8, insert—

“8A— (1) This paragraph applies where information about a change of a kind mentioned in section 71Z4(A3)(a) to a transaction to which a Northern Ireland participant, or an accounting unit of a Northern Ireland participant, is a party is supplied in a quarterly report in respect of a period beginning on or after 1 January 2018.

(2) The report must state the date on which the change took effect.

(3) Where the transaction was entered into before 1 January 2014, the report must state that fact.”