Textual Amendments
F1Pt. 4A (ss. 71F-71X) inserted (11.9.2006 for E.W.S. for specified purposes, 1.1.2007 for N.I. for specified purposes, 1.7.2008 for N.I. for specified purposes, 15.9.2014 for N.I. in so far as not already in force) by Electoral Administration Act 2006 (c. 22), ss. 61(1), 77(2); S.I. 2006/1972, art. 3, Sch. 1 para. 20(a) (subject to art. 4, Sch. 2) (as substituted by S.I. 2006/2268, art. 3); S.I. 2006/3412, art. 4 (subject to art. 6, Sch. 2); S.I. 2008/1656, art. 2 (subject to art. 3, Sch. 1); S.I. 2014/1809, art. 2
Textual Amendments
F2Pt. 4A (ss. 71F-71Y) renumbered (1.7.2008) as Pt. 4A Ch. 1 by The Electoral Administration Act 2006 (Regulation of Loans etc: Northern Ireland) Order 2008 (S.I. 2008/1319), arts. 1(2), 3(1)
Prospective
(1)A registered party must not be a party to a regulated transaction to which this section applies unless the registered party has received a written declaration from each of the other parties to the transaction who is an individual stating that the individual satisfies the condition set out in section 54(2ZA).
(2)This section applies to a regulated transaction—
(a)if the value of the transaction is more than £7,500, or
(b)if the aggregate amount of it and any other relevant benefit or benefits accruing in the same calendar year as the transaction is more than £7,500.
(3)For the purposes of subsection (2)(b) “relevant benefit” and “accruing” have the meaning given by section 71M(3).
(4)A declaration under this section must also state the individual's full name and address.
(5)A person who knowingly or recklessly makes a false declaration under this section commits an offence.
(6)The Secretary of State may by regulations make provision requiring a declaration under this section to be retained for a specified period.
(7)The reference in subsection (1) to each of the other parties to the transaction does not include any individual who, at the time the transaction is entered into, is an authorised participant in relation to it by reason of section 71Z1(1)(a).]]]
Textual Amendments
F3S. 71HZA inserted (prosp.) by Political Parties and Elections Act 2009 (c. 12), ss. 11(1), 43