party:
(1) Every political party that is registered in
accordance with Article 269 and intends to secure recognition from the Election
Commission for the purposes of elections must be registered with the Election
Commission in fulfilment of the procedures set forth in the Federal law.
(2) The political party must submit a yearly audit report in addition to
the matters set forth in clause (3) of Article 269 along with an application to be
made for the purpose of clause (1) and also fulfil the terms set forth in clause (4) of
that Article.