SCHEDULES

SCHEDULE 7AControl of loans etc to individuals and members associations

Authorised participants

4

(1)

A regulated participant must not—

(a)

be a party to a controlled transaction to which any of the other parties is not an authorised participant;

(b)

derive a benefit in consequence of a connected transaction if any of the parties to that transaction is not an authorised participant.

(2)

This paragraph does not apply to a controlled transaction if it was entered into before the commencement of section 61 of the Electoral Administration Act 2006.

(3)

In this Schedule, an authorised participant is a person who is a permissible donor within the meaning of section 54(2).

(4)

The Secretary of State may, by order, specify circumstances or any description of circumstances in which a person who is not a permissible donor is to be treated as an authorised participant.