United Kingdom - 2009 Party Finance Law

Part SCHEDULE 7A Control of loans etc to individuals and members associations
Title Schedule 7A, Paragraph 7
Section Transfer to unauthorised participant invalid
Article

Sch. 7A.7

If an authorised participant purports to transfer his interest in a controlled transaction to a person who is not an authorised participant the purported transfer is of no effect.
Categories - External oversight (Sanctions)
- Party finance (Private funding)
Source http://www.legislation.gov.uk/ukpga/2000/41
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