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
As published
78A Interpretation of Part 6
(1) In this Part—
“annual accounts”, in relation to a friendly society or registered branch, means—
the individual accounts required by section 69A, and
any group accounts required by section 69E,
together with the notes to those accounts;
...
“firm” means any entity, whether or not a legal person, that is not an individual and includes a body corporate, a corporation sole, and a partnership or other unincorporated association;
“IAS accounts” means IAS individual accounts or IAS group accounts;
...
“income and expenditure account”, in relation to a friendly society or registered branch which prepares IAS accounts, includes an income statement or other equivalent financial statement required to be prepared by UK-adopted international accounting standards;
...
“non-directive friendly society” means a registered friendly society —
to which subsections (2) and (3) of section 37 (restriction of combinations of business do not apply; and
which does not carry on reinsurance business;
“parent undertaking” and “subsidiary undertaking” shall be construed in accordance with the provisions of section 1162 of the Companies Act 2006, read in conjunction with section 1161(1) of and Schedule 7 to that Act.
“senior statutory auditor” has meaning given by section 74A(1) above;
“UK-adopted international accounting standards” has the meaning given by section 474(1) of the Companies Act 2006;
(2) References in this Part to accounts giving a “true and fair view” are references—
(a) in the case of Friendly Societies Act individual accounts, to the requirement under section 69B that such accounts give a true and fair view;
(b) in the case of Friendly Societies Act group accounts, to the requirement under section 69F that such accounts give a true and fair view; and
(c) in the case of IAS accounts, to the requirement under UK-adopted international accounting standards that such accounts achieve a fair presentation.
(3) References in this Part to a friendly society subject to special requirements are to a friendly society that ... —
(a) would be an insurance undertaking within the meaning given by Article 2.1 of Council Directive 1991/674/EEC on the annual accounts and consolidated accounts of insurance undertakings were the United Kingdom a member State, or
(b) is an issuer whose transferable securities are admitted to trading on a regulated market.
(4) In subsection (3)—
(a) “issuer” and “regulated market” have the same meaning as in Part 6 of the Financial Services and Markets Act 2000; and
(b) “transferable securities” means anything which is a transferable security for the purposes of Directive 2004/39/EC of the European Parliament and of the Council on markets in financial instruments.
Your change, as a redline
78A Interpretation of Part 6
(1) In this Part—
“annual accounts”, in relation to a friendly society or registered branch, means—
the individual accounts required by section 69A, and
any group accounts required by section 69E,
together with the notes to those accounts;
...
“firm” means any entity, whether or not a legal person, that is not an individual and includes a body corporate, a corporation sole, and a partnership or other unincorporated association;
“IAS accounts” means IAS individual accounts or IAS group accounts;
...
“income and expenditure account”, in relation to a friendly society or registered branch which prepares IAS accounts, includes an income statement or other equivalent financial statement required to be prepared by UK-adopted international accounting standards;
...
“non-directive friendly society” means a registered friendly society —
to which subsections (2) and (3) of section 37 (restriction of combinations of business do not apply; and
which does not carry on reinsurance business;
“parent undertaking” and “subsidiary undertaking” shall be construed in accordance with the provisions of section 1162 of the Companies Act 2006, read in conjunction with section 1161(1) of and Schedule 7 to that Act.
“senior statutory auditor” has meaning given by section 74A(1) above;
“UK-adopted international accounting standards” has the meaning given by section 474(1) of the Companies Act 2006;
(2) References in this Part to accounts giving a “true and fair view” are references—
(a) in the case of Friendly Societies Act individual accounts, to the requirement under section 69B that such accounts give a true and fair view;
(b) in the case of Friendly Societies Act group accounts, to the requirement under section 69F that such accounts give a true and fair view; and
(c) in the case of IAS accounts, to the requirement under UK-adopted international accounting standards that such accounts achieve a fair presentation.
(3) References in this Part to a friendly society subject to special requirements are to a friendly society that ... —
(a) would be an insurance undertaking within the meaning given by Article 2.1 of Council Directive 1991/674/EEC on the annual accounts and consolidated accounts of insurance undertakings were the United Kingdom a member State, or
(b) is an issuer whose transferable securities are admitted to trading on a regulated market.
(4) In subsection (3)—
(a) “issuer” and “regulated market” have the same meaning as in Part 6 of the Financial Services and Markets Act 2000; and
(b) “transferable securities” means anything which is a transferable security for the purposes of Directive 2004/39/EC of the European Parliament and of the Council on markets in financial instruments.
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.
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.