III. Comments on the Text on the Draft Electoral Law 

E. Financing of elections

The manager of the campaign fund must submit a financial report on a form approved by the CEC no later than on the fifteenth day after election day for political parties and the tenth day after election day for single-mandate district candidates. This report must be posted on the CEC website. As previously recommended by OSCE/ODIHR and the Venice Commission the law should require full disclosure, before and after the elections, of sources and amounts of financial contributions and the types and amounts of campaign expenditures. The additional amendments to the parliamentary electoral law take account of this recommendation. Articles 49.5 and 49.6 provide that the campaign manager files provisional financial reports on the use of resources 30 days prior to election day for parties and 20 days for single-mandate district candidates to the CEC and to the DECs respectively. This provisional report on the origin and use of resources of the electoral fund shall be published on the CEC website. Timely disclosure of campaign finance information to the public before elections provides important and useful information to voters and increases transparency of the process. The Venice Commission and the OSCE/ODIHR therefore welcome these new disclosure requirements.