The Code of Good Practice in Electoral Matters places a strong emphasis on the transparency of the funding of political parties and electoral campaigns (CDL-AD(2002)023rev2cor, Expl. Report paras 108-109). Thus, political parties should be required to keep records on party finances and, particularly, on all (direct and indirect) campaign-related contributions and expenditures, subject to control by specific public organs and available for public review. Many recommendations – by international observers or the Group of States against Corruption (GRECO) of the CoE – aim to improve accountability and transparency of party and campaign financing (e.g. Armenia, Malta, Serbia, and Switzerland). In fact, legal gaps can be easily abused for circumvention of the principles of financial transparency and accountability, thus, impeding equal conditions for the campaign and facilitating corruption. At the same time, care should be taken to ensure that party and campaign financing provisions are not so complex that they impose a cumbersome burden on smaller parties and independent candidates.