Part III Accounting requirements for registered parties

Statements of accounts

47 Criminal penalty for failure to submit proper statement of accounts.

1

If in the case of a registered party—

a

any requirements of regulations under section 42(2)(a) are F1, without reasonable excuse, not complied with in relation to any statement of accounts delivered to the Commission under section 45, or

b

any statement of accounts, notification or auditor’s report required to be delivered to the Commission under that section is F2, without reasonable excuse, not delivered to them before the end of the relevant period,

the person who was the treasurer of the party immediately before the end of that period is guilty of an offence.

2

F3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3

F3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4

In this section “the relevant period” means the period allowed by section 45(1) or (2) for delivering the statement, notification or report to the Commission or, if that period has been extended (or further extended) under section 45(3), that period as so extended.