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

81B Interpretation of Part 8

(1) In this Part— “annual accounts”, in relation to a building society, means— the individual accounts required by section 72A, and any group accounts required by section 72E,together with the notes to those accounts; ... “income and expenditure account”, in relation to a society which prepares IAS accounts, includes an income statement or other equivalent financial statement required to be prepared by UK-adopted international accounting standards; ... “UK-adopted international accounting standards” has the meaning given by section 474(1) of the Companies Act 2006; “UK regulated market” has the meaning given in Article 2.1.13A of Regulation (EU) No. 600/2014 of the European Parliament and of the Council of 15 May 2014 and amending Regulation (EU) No. 648/2012. (2) References in this Part to accounts giving a “true and fair view” are references— (a) in the case of Building Societies Act individual accounts, to the requirement under section 72B that such accounts give a true and fair view; (b) in the case of Building Societies Act group accounts, to the requirement under section 72F 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.

Your change, as a redline

81B Interpretation of Part 8

(1) In this Part— “annual accounts”, in relation to a building society, means— the individual accounts required by section 72A, and any group accounts required by section 72E,together with the notes to those accounts; ... “income and expenditure account”, in relation to a society which prepares IAS accounts, includes an income statement or other equivalent financial statement required to be prepared by UK-adopted international accounting standards; ... “UK-adopted international accounting standards” has the meaning given by section 474(1) of the Companies Act 2006; “UK regulated market” has the meaning given in Article 2.1.13A of Regulation (EU) No. 600/2014 of the European Parliament and of the Council of 15 May 2014 and amending Regulation (EU) No. 648/2012. (2) References in this Part to accounts giving a “true and fair view” are references— (a) in the case of Building Societies Act individual accounts, to the requirement under section 72B that such accounts give a true and fair view; (b) in the case of Building Societies Act group accounts, to the requirement under section 72F 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.

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
Legal information from the published text, not advice for your case. Check the sources. Find a law · What the register holds