The Financial Services and Markets Act 2023 (Digital Securities Sandbox) Regulations 2023
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
8 Modification of technical standards
(1) The appropriate regulator may make such modifications of any technical standards having effect for the purposes of a relevant enactment if it considers it to be necessary or expedient for the purpose of implementing and operating the FMI sandbox arrangements. (2) The power to modify technical standards in paragraph (1) includes the power to— (a) provide for the technical standards not to apply for the purposes of the FMI sandbox arrangements; (b) provide for modifications in the application of the technical standards for those purposes; (c) provide for the application of the technical standards (with or without modifications) for those purposes. (3) This regulation ceases to have effect when the revocation of section 138P of FSMA 2000 by Part 4 of Schedule 1 to the Act is commenced.
8 Modification of technical standards
(1) The appropriate regulator may make such modifications of any technical standards having effect for the purposes of a relevant enactment if it considers it to be necessary or expedient for the purpose of implementing and operating the FMI sandbox arrangements. (2) The power to modify technical standards in paragraph (1) includes the power to— (a) provide for the technical standards not to apply for the purposes of the FMI sandbox arrangements; (b) provide for modifications in the application of the technical standards for those purposes; (c) provide for the application of the technical standards (with or without modifications) for those purposes. (3) This regulation ceases to have effect when the revocation of section 138P of FSMA 2000 by Part 4 of Schedule 1 to the Act is commenced.
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.
How this law is officially changed
Solon does not know this law's official route yet. The proposal is recorded all the same, and the route appears here once its source is added.
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.