The Integrity Commission is issuing further guidance to the political parties ahead of General elections. Under Section 82 of the Political Activities Ordinance 2012 (the Ordinance), the Governor, in consultation with the Integrity Commission has issued a Guidance Note to all Political Parties and Candidates to clarify the circumstances in which a loan or other transaction may be regarded as being on commercial terms.
The detailed guidance note also sets out what constitutes a permissible lender and how records of loans or other credit facilities should be recorded and reported to the Integrity Commission by parties and candidates. The guidance note is now available and accessible on the Commissions page of the government website: www.gov.tc. This has been utilised on a temporary basis until such time as the Commissions website is fully operational.
Eugene Otuonye QC, Director of the Integrity Commission stated that “ The Commission has worked closely with the Governor in compiling this guidance note, which provides clarification to the parties and candidates as to the circumstances in which they must record and report loans and other credit facilities to the Commission”.
Provision of this and other guidance notes is part of the Integrity Commissions commitment to assisting and providing guidance on a number of matters covered under the Ordinance.
