[F14(1)A regulated participant must not—U.K.
(a)be a party to a controlled transaction to which any of the other parties is not an authorised participant;
(b)derive a benefit in consequence of a connected transaction if any of the parties to that transaction is not an authorised participant.
(2)This paragraph does not apply to a controlled transaction if it was entered into before the commencement of section 61 of the Electoral Administration Act 2006.
(3)In this Schedule, an authorised participant is a person who is a permissible donor within the meaning of section 54(2).
F2(3A). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F2(3B). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(4)The Secretary of State may, by order, specify circumstances or any description of circumstances in which a person who is not a permissible donor is to be treated as an authorised participant.]
Textual Amendments
F1Sch. 7A inserted (11.9.2006 for E.W.S. for specified purposes except for the insertion of Sch. 7A para. 16, 1.7.2008 for N.I. for specified purposes, 1.7.2009 for the insertion of Sch. 7A para. 16 for specified purposes, 4.5.2016 for the insertion of Sch. 7A para. 16 for specified purposes) by Electoral Administration Act 2006 (c. 22), ss. 61(7), 77(2), Sch. 1 para 99; S.I. 2006/1972, art. 3, Sch. 1 paras. 20(a), 25(m)(i) (subject to art. 4, Sch. 2) (as amended by S.I. 2006/2268, art. 4); S.I. 2008/1656, arts. 2 (subject to art. 3, Sch. 1); S.I. 2009/1509, art. 2(b) (with art. 3); S.I. 2016/551, art. 2(b) (with art. 3)