Financial Services and Markets Act 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
36 Public consultation requirements
(1) After section 1RA of FSMA 2000 (inserted by section 45) insert— Requirements for public consultation Requirements in connection with public consultations 1RB (1) This section applies where the FCA issues a public consultation. (2) The FCA must include information in the consultation about any engagement by the FCA with the statutory panels of the FCA, the PRA or the Payment Systems Regulator in relation to the matters being consulted on. (3) The FCA is not required under subsection (2) to include any information whose publication would in the opinion of the FCA be against the public interest. (4) For the purposes of this section, the FCA issues a public consultation if it publishes the draft of any proposals for the purpose of bringing them to the attention of the public (whether or not under a duty to do so imposed by an enactment). (5) In this section “statutory panel”— (a) in relation to the FCA, has the meaning given by section 1RA(8), (b) in relation to the PRA, has the meaning given by section 2NA(8), and (c) in relation to the Payment Systems Regulator, means a panel established under section 103(3) of the Financial Services (Banking Reform) Act 2013. (2) After section 2NA of FSMA 2000 (inserted by section 45) insert— Requirements for public consultation Requirements in connection with public consultations 2NB (1) This section applies where the PRA issues a public consultation. (2) The PRA must include information in the consultation about any engagement by the PRA with the statutory panels of the FCA, the PRA or the Payment Systems Regulator in relation to the matters being consulted on. (3) The PRA is not required under subsection (2) to include any information whose publication would in the opinion of the PRA be against the public interest. (4) For the purposes of this section, the PRA issues a public consultation if it publishes the draft of any proposals for the purpose of bringing them to the attention of the public (whether or not under a duty to do so imposed by an enactment). (5) In this section “statutory panel” has the meaning given by section 1RB(5).
36 Public consultation requirements
(1) After section 1RA of FSMA 2000 (inserted by section 45) insert— Requirements for public consultation Requirements in connection with public consultations 1RB (1) This section applies where the FCA issues a public consultation. (2) The FCA must include information in the consultation about any engagement by the FCA with the statutory panels of the FCA, the PRA or the Payment Systems Regulator in relation to the matters being consulted on. (3) The FCA is not required under subsection (2) to include any information whose publication would in the opinion of the FCA be against the public interest. (4) For the purposes of this section, the FCA issues a public consultation if it publishes the draft of any proposals for the purpose of bringing them to the attention of the public (whether or not under a duty to do so imposed by an enactment). (5) In this section “statutory panel”— (a) in relation to the FCA, has the meaning given by section 1RA(8), (b) in relation to the PRA, has the meaning given by section 2NA(8), and (c) in relation to the Payment Systems Regulator, means a panel established under section 103(3) of the Financial Services (Banking Reform) Act 2013. (2) After section 2NA of FSMA 2000 (inserted by section 45) insert— Requirements for public consultation Requirements in connection with public consultations 2NB (1) This section applies where the PRA issues a public consultation. (2) The PRA must include information in the consultation about any engagement by the PRA with the statutory panels of the FCA, the PRA or the Payment Systems Regulator in relation to the matters being consulted on. (3) The PRA is not required under subsection (2) to include any information whose publication would in the opinion of the PRA be against the public interest. (4) For the purposes of this section, the PRA issues a public consultation if it publishes the draft of any proposals for the purpose of bringing them to the attention of the public (whether or not under a duty to do so imposed by an enactment). (5) In this section “statutory panel” has the meaning given by section 1RB(5).
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.
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.