Bank of England Act 1998
Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.
Change 1
30A Prudential Regulation Committee
(1) There is to be a committee of the Bank known as the Prudential Regulation Committee of the Bank of England. (2) The Prudential Regulation Committee is to consist of— (a) the Governor of the Bank, (b) the Deputy Governor for financial stability, (c) the Deputy Governor for markets and banking, (d) the Deputy Governor for prudential regulation, (e) the Chief Executive of the Financial Conduct Authority, (f) one member appointed by the Governor of the Bank with the approval of the Chancellor of the Exchequer, and (g) at least 6 members appointed by the Chancellor of the Exchequer. (3) The functions of the Prudential Regulation Committee are— (a) its functions by virtue of section 2A of the Financial Services and Markets Act 2000 (which provides for the Bank's functions as the Prudential Regulation Authority to be exercised by the Bank acting through the Prudential Regulation Committee), and (b) the functions conferred on it by this Act. (4) Schedule 6A has effect with respect to the Prudential Regulation Committee.
30A Prudential Regulation Committee
(1) There is to be a committee of the Bank known as the Prudential Regulation Committee of the Bank of England. (2) The Prudential Regulation Committee is to consist of— (a) the Governor of the Bank, (b) the Deputy Governor for financial stability, (c) the Deputy Governor for markets and banking, (d) the Deputy Governor for prudential regulation, (e) the Chief Executive of the Financial Conduct Authority, (f) one member appointed by the Governor of the Bank with the approval of the Chancellor of the Exchequer, and (g) at least 6 members appointed by the Chancellor of the Exchequer. (3) The functions of the Prudential Regulation Committee are— (a) its functions by virtue of section 2A of the Financial Services and Markets Act 2000 (which provides for the Bank's functions as the Prudential Regulation Authority to be exercised by the Bank acting through the Prudential Regulation Committee), and (b) the functions conferred on it by this Act. (4) Schedule 6A has effect with respect to the Prudential Regulation Committee.
One line that says what changes, such as "Halve the dog tax".
Who it helps, what it costs, what it fixes. It is what persuades people to support it.
A proposal here is not law. Support on Solon is evidence that people want the change; the official route says what it takes to make it law.
Sign in to file your proposal. What you have written stays on this page.
Sign in to file itThink it through
Ask what your change would do, who would gain and who would bear a cost, and where something like it is already law. The assistant reads your draft as it stands, cites the law and the studies it finds, and takes no side. What you file stays yours.