Parliament will vote on a law on party financing reform before the summer recess, acting chairman of the House watchdog committee Demetris Syllouris said on Tuesday.
The government has prepared a bill amending the current law, and the Auditor-general has made additions to it, which first need to be vetted by the Attorney-general’s office.
At the same time, the parties have drafted a number of legislative proposals of their own.
Syllouris said that MPs would like to compare and contrast the government’s bill with the parties’ items so that a final piece of legislation can emerge.
Political parties have long paid lip service to taking on board the recommendations of GRECO, the Council of Europe anti-Corruption Group.
In the wake of media revelations that Cypriot political parties had received sizeable donations from Focus Maritime Corporation, a company owned by Greek shipowner Michalis Zolotas, politicians had pledged to reform party financing right after the European Parliament elections of 2014.
But the issue has been repeatedly postponed.
Perhaps ironically, one of the legislative proposals on reforming party financing is authored by EDEK MP Fidias Sarikas, who has been implicated in the Paphos Sewerage Board (SAPA) scandal.
Sarikas, whose parliamentary immunity was recently lifted by the Supreme Court, has denied any wrongdoing.
It is alleged that Sarikas, while mayor of Paphos, took kickbacks from a representative of a German company which had won the contract to build a sewerage treatment plant.