Note on permissible donations and loans
After receiving a donation over £500 in value
a Member has 30 days to check and confirm it is from a permissible
source before either accepting it or returning it. Before entering
into a loan a Member must check and confirm the lender is permissible.
The Member then has a further 30 days to report permissible donations
or loans over £1500 to the Registrar or to report impermissible
or unidentifiable donations and loans (over £500) to the
Commission. Members must check the permissibility of a lender
before entering into a loan, credit facility or guarantee arrangement
for political activities.
Under Chapter 2 of Part IV of PPERA a permissible
source is:
- an individual registered in a UK electoral register
(including bequests)
- a UK-registered company which is incorporated
within the European Union (EU) and carries on business in the
UK
- a GB-registered political party
- a UK-registered trade union
- a UK-registered building society
- a UK-registered limited liability partnership
that carries on business in the UK
- a UK-registered friendly society
- a UK-based unincorporated association that carries
on business or other activities in the UK
Funding for overseas visits can come from any source
as long as the amount given does not exceed the cost of the trip.
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