Commentary on Sections Regulation of loans Section 71H Authorised participants
326.Section 71H provides that a political party may only be a party to a regulated transaction with individuals or organisations who are authorised participants. Authorised participants are defined in identical terms to those who are currently permitted to make donations to political parties (under section 54(2) of the 2000 Act).
327.Subsection (2) provides that this requirement does not apply to loans that are extant when these provisions come into force.
328.Subsection (4) provides an order making power, subject to the affirmative resolution procedure, for the Secretary of State to specify circumstances where the authorised participants requirement does not apply.