53Requirements as to statements of accountU.K.
(1)Section 42 of the 2000 Act (annual statement of accounts) is amended as follows.
(2)In subsection (4) for paragraph (a) substitute—
“(a)according to which of the following bands the gross income or total expenditure of a party falls within—
(i)not exceeding £25,000;
(ii)exceeding £25,000 but not £100,000;
(iii)exceeding £100,000 but not £250,000;
(iv)exceeding £250,000;”.
(3)After that subsection insert—
“(4A)The Secretary of State may by order amend subsection (4)(a) by varying the number of bands set out in it.
(4B)The Secretary of State may not make an order under subsection (4A) except to give effect to a recommendation of the Commission.”
(4)The amendments made by this section have effect in relation to any financial year of a registered party which ends after the coming into force of this section.
Commencement Information
I1S. 53 wholly in force at 11.9.2006, see s. 77(2)-(4) and S.I. 2006/1972, art. 3, Sch. 1 para. 14 (subject to transitional provisions in Sch. 2)