20 Accepted in Part

The Government should create a power for the Electoral Commission to compel financial institutions to...

Recommendation
The Government should create a power for the Electoral Commission to compel financial institutions to provide information relating to the source funds used in regulated political donations and regulated campaign spending. This power should also apply to crypto currency platforms. This power should be deployable where the Electoral Commission has reasonable grounds to suspect there is a risk of impermissible activity, including outside the context of a live formal investigation. (Recommendation, Paragraph 115)
Government Response Summary
The government will extend the Electoral Commission's powers to require information disclosure outside formal investigations and enable information sharing with public authorities, but proposals for tools like Unexplained Wealth Orders require careful consideration and further engagement.
Government Response
Accepted in Part
HM Government Accepted in Part
The Government recognises the importance of equipping the Commission and law enforcement partners with the tools necessary to identify and address the risk of impermissible foreign money entering UK political finance. We are already taking forward measures through the Representation of the People Bill to enhance the role and effectiveness of the Electoral Commission as the regulator, ensuring it is better able to secure compliance with the rules and uphold trust in our democratic processes. As part of this, we will further extend the Commission’s powers to require disclosure of information outside of a formal investigation to any person or organisation. This will enable the Commission to monitor more proactively compliance, support timely regulation during election periods and take a more proportionate and effective approach to enforcement. It will also allow issues to be resolved as appropriate without the need to launch a full investigation and enable the Commission to establish more quickly whether there are grounds to suspect an offence requiring further action. We also acknowledge the value of ensuring that information can be effectively exchanged between the Electoral Commission, other regulators and enforcement bodies, and relevant public authorities. We will address this recommendation by amending the Bill to enable the Electoral Commission to share and receive information from relevant public authorities and bodies which carry out regulatory or enforcement functions of a public nature, including HMRC, where the disclosure of information supports the discharge of functions. This will enable reciprocal information sharing and support effective enforcement on cross-cutting regulatory issues. However, proposals to deploy tools such as Unexplained Wealth Orders in this context require careful consideration within the wider legal and operational framework. Our approach is to strengthen the coherence and effectiveness of the political finance regime in the round, ensuring that any new powers are appropriately targeted, proportionate, and aligned with existing enforcement structures. We will continue to engage closely with the Electoral Commission, law enforcement, HMRC and other stakeholders to consider these issues in detail.
Addressee Bodies
Cabinet Office
Timeline
Recommendation age 0.4 yrs
Report published 18 Mar 2026