Political Parties, Elections and Referendums Act 2000

Valid from 11/09/2006

71Q X1 Weekly transaction reports during general election periods U.K.

(1) Subject to section 71R, the treasurer of a registered party must, in the case of any general election period, prepare a report under this subsection in respect of each of the following periods—

(a) the period of seven days beginning with the first day of the general election period,

(b) each succeeding period of seven days falling within the general election period, and

(c) any final period of less than seven days falling within that period.

(2) In this section—

• “weekly report” means a report prepared under subsection (1);

• “reporting period”, in relation to such a report, means the period mentioned in any of paragraphs (a) to (c) of that subsection to which the report relates.

(3) The weekly report for any reporting period must record each regulated transaction which has a value of more than £5,000 entered into during that period—

(a) by the party (if it is not a party with accounting units), or

(b) by the central organisation of the party (if it is a party with accounting units).

(4) If during any reporting period no transactions falling within subsection (3) have been entered into as mentioned in that subsection, the weekly report for that period must contain a statement to that effect.

(5) Schedule 6A has effect with respect to the information to be given in weekly reports.

(6) The weekly report for any reporting period must also record any change (as mentioned in section 71N(1) or (3)) during that period to a regulated transaction recorded—

(a) by the party (if it is not a party with accounting units), or

(b) by the central organisation of the party (if it is a party with accounting units).

(7) For the purposes of subsection (6), a transaction is recorded by a party or the central organisation of a party if it is or has been recorded in—

(a) a transaction report prepared under section 71M(1), or

(b) a weekly report prepared for that or a previous reporting period falling within the general election period.

(8) If during any reporting period there have been no changes falling within subsection (6), the weekly report for that period must contain a statement to that effect.

(9) In this section and section 71R “general election period” has the meaning given in section 63.

Editorial Information

X1 The insertion of the new heading "Chapter 1" in Pt. 4A on 1.7.2008 gives rise to a change in the structure of this legislation on SLD which breaks the continuity of historical versions of the existing provisions which are now brought under that new heading.