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SCHEDULE 4SCampaign rules

PART 6 SControl of loans and credit

Authorised participantsS

48(1)A permitted participant must not—S

(a)be a party to a regulated 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)In this Part, an authorised participant is a person who is a permissible donor.