SCHEDULES
F1SCHEDULE 6ADetails to be given in transaction reports
Details of transaction
C15
1
In relation to each recordable transaction a report must give the following details about the transaction.
2
A quarterly or weekly report must give the nature of the transaction (that is to say, whether it is a loan, a credit facility or an arrangement by which any form of security is given).
3
A quarterly or weekly report must give the value of the transaction (determined in accordance with section 71G) or, in the case of a credit facility or security to which no limit is specified, a statement to that effect.
4
A quarterly or weekly report must give the relevant date for the transaction (determined in accordance with paragraph 8).
5
If the requirement to record the transaction arises only because the value of the transaction has, for the purposes of section 71M(4) or (7), been aggregated with the value of any relevant donation or donations (within the meaning of section 62), a quarterly report must contain a statement to that effect.
6
A quarterly report must—
a
state whether the transaction was entered into by the registered party or any accounting unit of the party, or
b
in the case of a transaction to which section 71M(12) applies, indicate that it is a transaction which falls to be treated as made to the party by virtue of that provision.
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.
7
1
In relation to each recordable transaction of a description mentioned in section 71F(4)(b), a quarterly or weekly report must give the following details about the transaction.
2
The report must—
a
if the transaction mentioned in section 71F(4)(a) is a regulated transaction, identify that transaction by reference to the transaction report in which it is recorded;
b
in any other case, give a description of the principal features of that transaction.
3
Where the security given consists in or includes rights over any property, the report must state the nature of that property.
4
The report must—
a
if the person giving the security receives from the registered party any consideration for giving the security, give a statement of that consideration;
b
in any other case, state that no such consideration is received.
8
C21
For the purposes of paragraph 5(4) as it applies to a quarterly report, F2but subject to sub-paragraphs (1A) and (1B), the relevant date for a transaction is—
a
if the transaction is within section 71M(4)(a) or (7)(a), the date when the transaction was entered into by the party or the accounting unit;
b
if the transaction is within section 71M(4)(b) or (7)(b), the date when the party or the accounting unit entered into the transaction which caused the aggregate amount in question to be more than the limit specified in that provision.
F31A
For the purposes of paragraph 5(4) as it applies to a quarterly report in respect of a period beginning on or after 1 January 2018, the relevant date for a transaction to which this sub-paragraph applies is the date on which the transaction was entered into.
1B
Sub-paragraph (1A) applies to a transaction which—
a
is entered into by a Northern Ireland participant, or an accounting unit of a Northern Ireland participant, before 1 July 2017, and
b
is within section 71M(9).
1C
In this Schedule, “Northern Ireland participant” means a party registered in the Northern Ireland register.
2
For the purposes of paragraph 5(4) as it applies to a weekly report, the relevant date for a transaction is the date when the transaction was entered into by the party or its central organisation as mentioned in section 71Q(3).
F48A
1
This paragraph applies where information about a change of a kind mentioned in section 71Z4(A3)(a) to a transaction to which a Northern Ireland participant, or an accounting unit of a Northern Ireland participant, is a party is supplied in a quarterly report in respect of a period beginning on or after 1 January 2018.
2
The report must state the date on which the change took effect.
3
Where the transaction was entered into before 1 January 2014, the report must state that fact.
Sch. 6A 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(5), 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.); S.I. 2014/1809, art. 2