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
30F Financial Market Infrastructure Committee
(1) There is to be a committee of the Bank known as the Financial Market Infrastructure Committee (the “FMI Committee”). (2) The FMI Committee is to consist of— (a) a chair appointed by the Bank; (b) at least three independent members appointed by the Bank; (c) such other members as may be appointed from time to time by the Bank. (3) The person appointed as chair under subsection (2)(a) must be the Governor, or a Deputy Governor, of the Bank. (4) A person is an independent member for the purposes of subsection (2)(b) if the person is an officer, employee or agent of the Bank— (a) as a result only of their membership of one or more of the Bank’s committees, or (b) is appointed as an independent member to the FMI Committee with the consent of the Treasury. (5) For the purposes of subsection (4)(a)— (a) the Bank’s committees are— (i) the FMI Committee, (ii) the Financial Policy Committee, (iii) the Monetary Policy Committee, and (iv) the Prudential Regulation Committee; (b) the reference to a person who is an officer, employee or agent of the Bank as result of their membership of one or more of those committees includes a reference to a person who becomes such an officer, employee or agent as a result of their appointment to the FMI Committee under this section. (6) Before appointing a person under subsection (2)(b) the Bank must— (a) be satisfied that the person has knowledge or experience which is likely to be relevant to the FMI Committee’s functions, and (b) consider whether the person has any financial or other interests that could substantially affect the functions as member that it would be proper for the person to discharge.
30F Financial Market Infrastructure Committee
(1) There is to be a committee of the Bank known as the Financial Market Infrastructure Committee (the “FMI Committee”). (2) The FMI Committee is to consist of— (a) a chair appointed by the Bank; (b) at least three independent members appointed by the Bank; (c) such other members as may be appointed from time to time by the Bank. (3) The person appointed as chair under subsection (2)(a) must be the Governor, or a Deputy Governor, of the Bank. (4) A person is an independent member for the purposes of subsection (2)(b) if the person is an officer, employee or agent of the Bank— (a) as a result only of their membership of one or more of the Bank’s committees, or (b) is appointed as an independent member to the FMI Committee with the consent of the Treasury. (5) For the purposes of subsection (4)(a)— (a) the Bank’s committees are— (i) the FMI Committee, (ii) the Financial Policy Committee, (iii) the Monetary Policy Committee, and (iv) the Prudential Regulation Committee; (b) the reference to a person who is an officer, employee or agent of the Bank as result of their membership of one or more of those committees includes a reference to a person who becomes such an officer, employee or agent as a result of their appointment to the FMI Committee under this section. (6) Before appointing a person under subsection (2)(b) the Bank must— (a) be satisfied that the person has knowledge or experience which is likely to be relevant to the FMI Committee’s functions, and (b) consider whether the person has any financial or other interests that could substantially affect the functions as member that it would be proper for the person to discharge.
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.