Paragraph 53 Return or forfeiture of candidate’s deposit
Unless forfeited in accordance with paragraph (5), the deposit made under rule 9 shall be returned to the person making it or his personal representative.
Subject to paragraph (4), the deposit shall be returned not later than the next day after that on which the result of the election is declared.
For the purposes of paragraph (2)—
a day shall be disregarded if it would be disregarded under rule 3 in computing any period of time for the purposes of the timetable for an election of the kind in question; and
the deposit shall be treated as being returned on a day if a cheque for the amount of the deposit is posted on that day.
If the candidate is not shown as standing nominated in the statement of persons nominated, or if proof of his death has been given to the GLRO before the first calculation under rule 49, the deposit shall be returned as soon as practicable after the publication of the statement or after his death, as the case may be.
Where a poll is taken, if, after the first calculation under rule 49, the candidate is found not to have polled more than one-twentieth of the total number of first preference votes polled by all the candidates, the deposit shall be forfeited to the Greater London Authority.