United Kingdom - 2009 Party Finance Law

Part SCHEDULE 6A Details to be given in transaction reports
Title Schedule 6A, Paragraph 6
Section Details of transaction
Article

Sch. 6A.6

(1)In relation to each recordable transaction of a description mentioned in section 71F(2) or (3), a quarterly or weekly report must give the following details about the transaction.
(2)The report must give-
(a)the date when the loan is to be repaid or the facility is to end (or a statement that the loan or facility is indefinite), or
(b)where that date is to be determined under the agreement, a statement of how it is to be so determined.
(3)The report must give-
(a)the rate of interest payable on the loan or on sums advanced under the facility (or a statement that no interest is payable), or
(b)where that rate is to be determined under the agreement, a statement of how it is to be so determined.
(4)The report must state whether the agreement contains a provision which enables outstanding interest to be added to any sum for the time being owed in respect of the loan or credit facility.
(5)The report must state whether any form of security is given in respect of the loan or the sums advanced under the facility.

Categories - Party finance (Private funding)
- Party finance (Report and disclosure)
Source http://www.legislation.gov.uk/ukpga/2000/41