49. Do candidates have to report on their election campaign finances?

18 (1) Any candidate who received funds as election expenses shall, within sixty days from the polling day, prepare and submit a verified report to the political party which sponsored that candidate in the election.

(2) Every political party which sponsored a candidate shall, within one hundred and eighty days after the submission of the report by the candidate, transmit to the Registrar the report containing true returns in the prescribed form in relation to the candidate, a financial statement of all expenses incurred together with all bills and receipts or some other evidence of payment. 

(3) The report shall contain-

(a) a financial report of election expenses

(b) an account of all funds received by a candidate or any other person on his behalf for the purpose of election expenses incurred, with a statement of every payment and sources of those funds;

(c) statement by the candidate verifying the report and stating that no payment not permitted by the Act was made with his knowledge and consent to his knowledge and belief every expenses incurred are entered in the report of the political party

(d) the audit report thereon as required under this Act

19 (1) For the purpose of financial accountability under this Act, it shall be the duty of every candidate, and each political party, a Non-Governmental Organization, a Faith Based Organization and a Community Based Organization which participated in activities referred to in subsection (3) of section 13 of this Act to keep records of--

(a) funds received for election expenses indicating the amount and the nature of funds received

(b) names and postal, physical and electronic addresses of donors

(c) funds anticipated to be received and their sources

(d) funds expended for nomination, election campaigns and election; and

(e) funds expended by candidates as nomination and election expenses.

Election Expenses Act 2010

7(1) A candidate, a political party and an organization shall comply with the requirement to disclose funds and sources of funds in a manner stipulated in the Act and these regulations

(2) A candidate required to disclose funds in his possession or expected to be received shall fill in form EE.1 specified in the Schedule to these Regulations

(3) Without prejudice to subregulation (2), the disclosure by a candidate shall contain information about-

(a) amount of money

(b) other type of funds which can be cashed or converted into money value or money worth;

(c) sources of money or other type of funds; and

(d) any other thing intended to be used during election campaigns

(4) For the implementation of subregulation (2), the candidate shall, in respect of funds expected to be received, state the projected amount and sources of funds.

9(1) A copy of disclosure of funds contained in Form EE.1 submitted by the candidate to the Secretary General attached with a Certificate specified in form EE.2 shall be forwarded by authorized officers to the Registrar at any earlier time being not more than seven days after the nomination day. 

(2) A copy of the form used for disclosure shall be sent by the candidate to the Registrar or an authorized officer by registered mail, fax, scanned electronic mail or physical delivery.

10 (1) All voluntary donations made to a candidate or a political party shall be clearly recorded in Form EE.7 and Form EE.8 repectively-

(a) name and physical address of the donor

(b) name and physical address of the donee

(e) purpose of donation

(f) date of donation

(2) Voluntary donations made to a candidate or a political party shall be disclosed to the Registrar sequentially showing donations-

(a) from sources outside the United Republic, whether obtained directly or through sources within the United Republic

(b) from foreign organizations stationed within the United Republic, or

(c) from any person resident in the United Republic who is not a citizen of the United Republic

11. The report on funds expended in excess of the limits specified in subsection (2) of Section 10 of the Act, shall be made-

(a) in case of a candidate, in Form EE.10 set out in the Schedule of these Regulations;

Elections Expenses Regulations 2010