Statement of regulated transactions
This section has no associated Explanatory Notes
54(1)The responsible person in relation to a permitted participant must include in any return required to be prepared under paragraph 21 a statement of regulated transactions entered into by the permitted participant.
(2)The statement must comply with paragraphs 55 to 59.
(3)For the purposes of those paragraphs a regulated transaction is a recordable transaction—
(a)if the value of the transaction exceeds £7,500, or
(b)if the aggregate value of it and any other relevant benefit or benefits exceeds that amount.
In paragraph (b) “relevant benefit” means any relevant donation (within the meaning of paragraph 29(4)) or regulated transaction made by, or entered into with, the person with whom the regulated transaction was entered into.