Propose a change

Building Societies Act 1986

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

What to do with it
As published

54 Information disclosed to FCA or PRA from other sources.

(1) If and in so far as it appears to the Secretary of State that the disclosure of any information will enable the FCA or the PRA better to discharge its functions under this Act (but not otherwise),— (a) information obtained by the Secretary of State under section 447 or 448 of the Companies Act 1985 (inspection of companies’ books and papers) may be disclosed to the FCA or the PRA or further disclosed, notwithstanding the provision as to security of information contained in section 449 or that Act; and (b) where the information is contained in a report made by inspectors appointed under section 431, 432 or 442 of the Companies Act 1985 (investigation of affairs or ownership of companies and certain other bodies corporate) the Secretary of State may furnish a copy of the report to the FCA or the PRA . (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (3A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (3B) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (3C) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Your change, as a redline

54 Information disclosed to FCA or PRA from other sources.

(1) If and in so far as it appears to the Secretary of State that the disclosure of any information will enable the FCA or the PRA better to discharge its functions under this Act (but not otherwise),— (a) information obtained by the Secretary of State under section 447 or 448 of the Companies Act 1985 (inspection of companies’ books and papers) may be disclosed to the FCA or the PRA or further disclosed, notwithstanding the provision as to security of information contained in section 449 or that Act; and (b) where the information is contained in a report made by inspectors appointed under section 431, 432 or 442 of the Companies Act 1985 (investigation of affairs or ownership of companies and certain other bodies corporate) the Secretary of State may furnish a copy of the report to the FCA or the PRA . (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (3A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (3B) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (3C) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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.

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Think 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.

Questions to start with
Think it through
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