(1) A political party and independent candidate that participates in the elections for bodies of authorityat all levels in BiH shall have one account for election campaign financing and shall be obliged to file with the Central Election Commission of BiH, at the time of submission of the application for certification to participate in the elections a financial report for the period beginning three months prior to the date of submission. In addition, no later than thirty (30) days after the election results are published in the Official Gazette of BIH, a financial report shall be submitted to the Central Election Commission of BiH for the period beginning on the day of submission of the application for certification until the certification of the results. These reports shall contain the following:

1. All cash transactions and cash at hand;


2. All income and disbursements based on memberships; contributions from individual and legal entities; transparent contributions from abroad; contributions from individual and legal entities; contributions in theform of goods and services (hereinafterreferred to as in-kind contributions); returns on its own assets and entrepreneurial activities in accordance with provisions of the Law on Political Party Financing; credits; loans; donations; rebates; refunds; other operating expenditures; and other sources for the reporting period as determined by the Central Election Commission of BiH;


3. Identification of the person or source of any payment and in-kind contribution, as well as the identification of a person who received that payment, together with the date and amount of any such receipt;


4. The total amount of all account payables and total amount of disbursements in the following categories: costs for printing and distribution of posters, printingcosts for pre- election announcements, statements and so on, in the public and online media, organizational and operational costs for organizing rallies, costs for printing,reproducing and delivering pre-election materials directly to voters, and


5. the amount and nature of outstanding debts and obligations owed by or to the personwho files a report and where such debts and obligations are settled for less than their reported amount or value, a statement as to the circumstances and conditions under which such debts or obligations were extinguished.

(2) The application for participation in the elections filed by a political party and an independent candidate shall not be certified if the political party and the independent candidate have failed to submit the financial report for the period commencing three months prior to the start of the period designated for submission of the application for certification.