If you already hold a relevant elected office, you need to follow rules about donations and loans to you that relate to political activity before the regulated period.
a member of any local authority in the UK, excluding parish or community councils
a member of the Greater London Assembly
the Mayor of London or any other elected mayor
a Police and Crime Commissioner
In the law these individuals are called 'regulated donees'.
Regulated donees can only accept a donation from or enter a loan of more than £500 made in connection with their political activities if it is from or with a permissible source.2
You must check permissibility before entering a loan and you have 30 days from receipt of a donation to conduct permissibility checks and return it if it is impermissible.3
We refer to donations and loans collectively as benefits.
You must report benefits (donations and loans) whenever the total amount of permissible donations accepted or loans entered into from the same source exceeds £2,230.4
This may be a single donation or loan of more than £2,230, or multiple benefits which add up to more than £2,230. You must report this within 30 days of the reporting threshold being met.5
You must only include donations over £500 when adding together benefits from the same source.
You must also report all impermissible donations received and loans entered with a value over £500 within 30 days of the date you returned or forfeited it.6
You do not need to add together impermissible benefits.
You must also report certain changes to permissible loans you have already reported to us.7
If you are elected, you will also be covered by these rules after you are elected.
You can find our guidance on these rules on our website.