Financial controls

17Loans

(1)

Section 62 of the Electoral Administration Act 2006 (regulation of loans: power to make provision) is amended as follows.

(2)

In the heading, for “and referendums” substitute “ , referendums and recall petitions ”.

(3)

In subsection (2), after paragraph (c) insert—

“(d)

an accredited campaigner in relation to a recall petition.”

(4)

In subsection (3A), for “recognised third party or a permitted participant in a referendum” substitute “ relevant person ”.

(5)

After that subsection insert—

“(3B)

In subsection (3A) “a relevant person” means—

(a)

a recognised third party,

(b)

a permitted participant in a referendum, or

(c)

an accredited campaigner in relation to a recall petition.”

(6)

In subsection (8), at the appropriate places insert—

““accredited campaigner” has the same meaning as in Schedule 3 to the Recall of MPs Act 2015 (see Part 5 of that Schedule);”;

““recall petition” has the same meaning as in the Recall of MPs Act 2015 (see section 1(2) of that Act);”.