Latvia - 2011 Party Finance Law

Title Section 8.5 Annual Report
Article

8.5

(1) A political organisation (party) shall prepare annual report regarding each reporting year in accordance with the Law on Accounting and other regulatory enactments.

(2) A political organisation (party) shall, not later than by 31 March each year, submit the annual report to the Corruption Prevention and Combating Bureau according to the procedures specified by the regulatory enactments, but to the State Revenue Service - a copy of such report.

(2.1) In submitting the annual report of a political organisation (party) to the Corruption Prevention and Combating Bureau, a list shall be appended thereto, indicating as follows:
1) the name and registration number of the associations of which the relevant political organisation (party) is a member;
2) the name and registration number of the foundations whose founder is the relevant political organisation (party); and
3) the name and registration number of the associations and foundations to which or for the ensuring of events organised by which the political organisation (party) has given (donated) as well as the amount of the gift (donation).

(3) The Corruption Prevention and Combating Bureau shall, after receipt of the annual report of a political organisation (party), publish the information provided therein pursuant to the requirements referred to in Section 9, Paragraph three of this Law.

(4) The Corruption Prevention and Combating Bureau shall, within the framework of the competence thereof, inspect annual reports and until 1 April of the next year inform society concurrently regarding the disclosed violations of financing regulations of political organisations (parties) or associations thereof, as well as regarding measures performed for the elimination thereof.
[17 July 2008 law edition with amendments made with 10 June 2010 law shall come on force 14 July 2010]

Categories - External oversight (Subject of monitoring)
- External oversight (Type of authority)
- Party finance (Report and disclosure)
Source http://www.likumi.lv/doc.php?id=36189 (accessed: August 2012)