- Draft legislation
This is a draft item of legislation. This draft has since been made as a UK Statutory Instrument: The Political Parties, Elections and Referendums Act 2000 (Northern Ireland Political Parties) Order 2008 No. 1737
4.—(1) In paragraph 3 (identity of authorised participants: weekly reports), at the end add—
“(3) This paragraph does not apply in relation to a recordable transaction that is an Irish transaction (within the meaning given by paragraph 2A(2)).”
(2) After paragraph 3 insert—
“3A In relation to each recordable transaction that is an Irish transaction (within the meaning given by paragraph 2A(2)), a weekly report must—
(a)give all such details of the name of each authorised participant who is a party to the transaction (other than the registered party deriving the benefit from the transaction) as are for the time being known to the registered party; and
(b)record the fact that the transaction is an Irish transaction.”
(3) In paragraph 4 (identity of unauthorised participants), which shall become sub-paragraph (1) of that paragraph, at the end add—
“(2) This paragraph does not apply in relation to a recordable transaction that is an Irish transaction (within the meaning given by paragraph 2A(2)).”
(4) After paragraph 4 insert—
“4A In relation to each recordable transaction that is an Irish transaction (within the meaning given by paragraph 2A(2)) to which a person who is not an authorised participant is a party, a quarterly or weekly report must—
(a)give the name of the person;
(b)record the fact that the transaction is an Irish transaction; and
(c)give the date when, and the manner in which, the transaction was dealt with in accordance with subsections (3) to (5) of section 71I or those subsections as applied by section 71I(6) or 71J(2).”
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