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
9Y Directions requiring information or documents
(1) The Bank may exercise the powers conferred by this section where it considers that information or documents are reasonably required in connection with the exercise by the Bank of its functions in pursuance of the Financial Stability Objective. (2) The Bank may give a direction to the FCA requiring it — (a) to provide the Bank with specified information or information of a specified description, or (b) to produce to the Bank specified documents or documents of a specified description. (3) The direction may relate to information or documents which are held by persons other than the FCA and which the FCA has power to obtain or whose production the FCA has power to require. (4) Any information or documents to which the direction relates are— (a) where the information or documents are held by a person in relation to whom the powers conferred by subsections (1) and (3) of section 165 of FSMA 2000 are exercisable, to be taken to be information or documents to which that section applies by virtue of subsection (4) of that section, ... (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (5) The information or documents must be provided or produced before the end of such period as may be specified. (6) The Bank may require any information provided under this section to be provided in such form as it may require. (7) The Bank may require— (a) any information provided, whether in a document or otherwise, to be verified in such manner as it may require; (b) any document produced to be authenticated in such manner as it may require.
9Y Directions requiring information or documents
(1) The Bank may exercise the powers conferred by this section where it considers that information or documents are reasonably required in connection with the exercise by the Bank of its functions in pursuance of the Financial Stability Objective. (2) The Bank may give a direction to the FCA requiring it — (a) to provide the Bank with specified information or information of a specified description, or (b) to produce to the Bank specified documents or documents of a specified description. (3) The direction may relate to information or documents which are held by persons other than the FCA and which the FCA has power to obtain or whose production the FCA has power to require. (4) Any information or documents to which the direction relates are— (a) where the information or documents are held by a person in relation to whom the powers conferred by subsections (1) and (3) of section 165 of FSMA 2000 are exercisable, to be taken to be information or documents to which that section applies by virtue of subsection (4) of that section, ... (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (5) The information or documents must be provided or produced before the end of such period as may be specified. (6) The Bank may require any information provided under this section to be provided in such form as it may require. (7) The Bank may require— (a) any information provided, whether in a document or otherwise, to be verified in such manner as it may require; (b) any document produced to be authenticated in such manner as it may require.
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.