Schedule 5 Matters to be dealt with in directors' report

Regulation 7

Introduction

1. In addition to the information required by section 416 of the 2006 Act, the directors' report must contain the following information.

Political donations and expenditure

2.

(1) If -

(a) the company (not being the wholly-owned subsidiary of a company incorporated in the United Kingdom) has in the financial year -

(i) made any political donation to any political party or other political organisation,

(ii) made any political donation to any independent election candidate, or

(iii) incurred any political expenditure, and

(b) the amount of the donation or expenditure, or (as the case may be) the aggregate amount of all donations and expenditure falling within paragraph (a), exceeded £2000,

the directors' report for the year must contain the following particulars.

(2) Those particulars are -

(a) as respects donations falling within sub-paragraph (1)(a)(i) or (ii) -

(i) the name of each political party, other political organisation or independent election candida

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