Summary
Requirements for financial reporting of electoral activity should be realistic.
Obligations
Election Parts
Quotes
- The legal framework should require periodic reporting, related to reasonable time intervals, of all contributions received and expenditures made by an electoral contestant. However, the examiner should be realistic about the reporting requirements for any transition democracy.
- The ideal requirements for political finance regulation in post-conflict societies listed below should be viewed as goals for the international community to achieve given the challenging constraints in which they are operating. There are three key requirements in the areas of legal framework, resources for political actors and institutions...1. A legal framework for political finance regulation—contained in the electoral law, the political parties law or a separate political finance law—should include: Realistic requirements for financial reporting of electoral activity, including disclosure of private sources of funding for political activity (also with relatively high thresholds for public reporting).
- The deadline for submitting the final report to the oversight body should be precisely defined in the law. It is critical that the timeframe be sufficient to allow those with reporting obligations time to assemble the information, yet not too long, to allow the oversight body to undertake a thorough and expedient auditing and, where necessary, initiate proportionate and timely sanctions.
- The deadline for submitting the final report to the oversight body should be precisely defined in the law. It is critical that the timeframe be sufficient to allow those with reporting obligations time to assemble the information, yet not too long, to allow the oversight body to undertake a thorough and expedient auditing and, where necessary, initiate proportionate and timely sanctions.