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Electoral Administration Bill

moved Amendment No. 8:"Line 132, at end insert—" ““(   )   Where interest is rolled up under such a transaction, this does not constitute a new regulated transaction for the purposes of this Part.”” The noble Lord said: I can deal with this amendment exceedingly telegraphically. It would simply clarify the last part of proposed new Section 71H, entitled ““Authorised participants””. The amendment states:"““Where interest is rolled up under such a transaction, this does not constitute a new regulated transaction for the purposes of this Part””." In other words, if a loan is extant and, after the proposed new section becomes law, the loan is rolled over, does this make it a new transaction? I beg to move.