SCHEDULE 1 The Mayoral Elections Rules

PART 3 Stages common to contested and uncontested elections

10 Deposits
(1) A person shall not be validly nominated unless the sum of £500 is deposited by him or on his behalf, with the returning officer at the place and within the time for delivery of nomination papers.
(2) The deposit may be made either—
(a) by the deposit of any legal tender, or
(b) by means of a banker’s draft, or
(c) with the returning officer’s consent, in any other manner (including by means of a debit or credit card or the electronic transfer of funds),
but the returning officer may refuse to accept a deposit sought to be made by means of a banker’s draft if he does not know that the drawer carries on business as a banker in the United Kingdom.
(3) Where the deposit is made on behalf of the candidate, the person making the deposit must at the time he makes it give his name and address to the returning officer (unless they have previously been given to him under section 67 (appointment of election agent) of the 1983 Act).