Registration of opening and use of specific bank accounts, rules for reporting, as well as rules for collection and expenditure of election funds of candidates, registered candidates, political parties, blocks of political parties, and campaign groups on referendum shall be defined by the Central Election Commission with an agreement of the National Bank, at least 110 days prior to the Election Day.
A candidate, registered candidate, political party, block of political parties, and campaign group on referendum should register the collection and expenditure of their election funds.
Candidates, registered candidates, political parties or blocks of political parties shall submit their financial report to the relevant election commission as follows:
first initial financial report shall be submitted to the relevant election commission in accordance with the rule defined by this Code together with the required documents for registration; this report shall contain information for the period two days prior to the date indicated in the report;
second initial financial report shall be submitted to the relevant election commission at earliest 20 days and at least 10 days prior to the Election Day; this report shall contain information for the period of seven days prior to the date indicated therein;
final financial report shall be submitted at latest 10 days after final results of elections (referendum) officially published; initial financial documents on the collection and expenditure of election funds shall be attached to the final financial report.
If a candidate, registered candidate lose his/her status, the duties for financial reporting shall be assumed by citizens who have been a candidate, registered candidate. The duties for financial reporting of political parties, blocks of political parties and referendum campaign group shall be carried out by their representatives authorized for financial issues. If there is no such authorized representative, financial reporting can be made by other persons who are included in the staff of political parities or block of political parties, and participated in the election (referendum) campaign and who are authorized to represent political parties, referendum campaign group.
