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
9P Recommendations to Treasury
(1) The Financial Policy Committee may make recommendations to the Treasury. (2) The recommendations may, in particular, relate to the exercise by the Treasury of their power to make orders under— (a) section 9L (macro-prudential measures), (b) section 22(1) or (1A) of FSMA 2000 (regulated activities), (c) section 22A(1) of that Act (designation of activities requiring prudential regulation by PRA), (d) section 137D(1)(b) of that Act (purposes for which FCA may make product intervention rules), or (e) section 165A(2)(d) of that Act (additional persons who may be required by PRA to provide information). (3) The recommendations must be made or confirmed in writing. (4) The Committee may make a recommendation under subsection (2)(e) only if it considers that the exercise by the Treasury of their power to make an order under section 165A(2)(d) of FSMA 2000 in the manner proposed is desirable for the purposes of the exercise by the Committee of its functions. (5) Before giving a recommendation under subsection (2)(e), the Committee must consult the Treasury.
9P Recommendations to Treasury
(1) The Financial Policy Committee may make recommendations to the Treasury. (2) The recommendations may, in particular, relate to the exercise by the Treasury of their power to make orders under— (a) section 9L (macro-prudential measures), (b) section 22(1) or (1A) of FSMA 2000 (regulated activities), (c) section 22A(1) of that Act (designation of activities requiring prudential regulation by PRA), (d) section 137D(1)(b) of that Act (purposes for which FCA may make product intervention rules), or (e) section 165A(2)(d) of that Act (additional persons who may be required by PRA to provide information). (3) The recommendations must be made or confirmed in writing. (4) The Committee may make a recommendation under subsection (2)(e) only if it considers that the exercise by the Treasury of their power to make an order under section 165A(2)(d) of FSMA 2000 in the manner proposed is desirable for the purposes of the exercise by the Committee of its functions. (5) Before giving a recommendation under subsection (2)(e), the Committee must consult the Treasury.
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.