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

80 Signing of balance sheet: documents to be annexed.

(1) Every balance sheet of a building society shall be signed by one director on behalf of the board of directors .... (2) The income and expenditure account, . . . and the annual business statement shall be annexed to the balance sheet, and so shall any group accounts; and the auditor’s report shall be attached to it. (3) The income and expenditure account, . . . and the annual business statement shall be approved by the board of directors before the balance sheet is signed on their behalf, and so shall any group accounts; and the date of their approval of those documents shall be endorsed on the balance sheet. (4) The directors’ report shall be attached to the balance sheet. (5) If a balance sheet has not been signed as required by subsection (1) above, and a copy of it is issued, circulated or published, the building society shall be liable on summary conviction to a fine not exceeding level 3 on the standard scale and so shall any officer who is also guilty of the offence. (6) If any copy of a balance sheet is issued, circulated or published— (a) without having annexed to it a copy of the income and expenditure account, or (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (c) without having annexed to it a copy of the annual business statement, or (d) without having attached to it a copy of the auditor’s report, or (e) without having attached to it a copy of the directors’ report, the building society shall be liable on summary conviction to a fine not exceeding level 3 on the standard scale and so shall any officer who is also guilty of the offence.

Your change, as a redline

80 Signing of balance sheet: documents to be annexed.

(1) Every balance sheet of a building society shall be signed by one director on behalf of the board of directors .... (2) The income and expenditure account, . . . and the annual business statement shall be annexed to the balance sheet, and so shall any group accounts; and the auditor’s report shall be attached to it. (3) The income and expenditure account, . . . and the annual business statement shall be approved by the board of directors before the balance sheet is signed on their behalf, and so shall any group accounts; and the date of their approval of those documents shall be endorsed on the balance sheet. (4) The directors’ report shall be attached to the balance sheet. (5) If a balance sheet has not been signed as required by subsection (1) above, and a copy of it is issued, circulated or published, the building society shall be liable on summary conviction to a fine not exceeding level 3 on the standard scale and so shall any officer who is also guilty of the offence. (6) If any copy of a balance sheet is issued, circulated or published— (a) without having annexed to it a copy of the income and expenditure account, or (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (c) without having annexed to it a copy of the annual business statement, or (d) without having attached to it a copy of the auditor’s report, or (e) without having attached to it a copy of the directors’ report, the building society shall be liable on summary conviction to a fine not exceeding level 3 on the standard scale and so shall any officer who is also guilty of the offence.

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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