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Political Parties, Elections and Referendums Act 2000

Political Parties, Elections and Referendums Act 2000 Sch 6A para 6

Sch 6A para 6

(1) In relation to each recordable transaction of a description mentioned in section 71F(2) or (3), a quarterly or weekly report must give the following details about the transaction. (2) The report must give— (a) the date when the loan is to be repaid or the facility is to end (or a statement that the loan or facility is indefinite), or (b) where that date is to be determined under the agreement, a statement of how it is to be so determined. (3) The report must give— (a) the rate of interest payable on the loan or on sums advanced under the facility (or a statement that no interest is payable), or (b) where that rate is to be determined under the agreement, a statement of how it is to be so determined. (4) The report must state whether the agreement contains a provision which enables outstanding interest to be added to any sum for the time being owed in respect of the loan or credit facility. (5) The report must state whether any form of security is given in respect of the loan or the sums advanced under the facility.

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