The Banking Act 2009 (Mandatory Compensation Arrangements Following Bail-in) Regulations 2014
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
3 Application
(1) These Regulations apply in the following cases. (2) Case 1 is where the Bank has made a resolution instrument in accordance with section 12A(2) of the Act (“Case 1”). (3) Case 2 is where— (a) the Bank has made a property transfer instrument in accordance with section 11(2), 12(2), 12ZA(3) or 44D(2) of the Act , and (b) the property transfer instrument makes special bail-in provision (in accordance with section 44B(1) of the Act ) (“Case 2”). (4) Case 3 is where— (a) the Bank has made a property transfer instrument in accordance with section 11(2), 12(2) or 12ZA(3) of the Act which does not make special bail-in provision, but (b) special bail-in provision is made (in accordance with section 44B(1) of the Act) in a supplemental property transfer instrument referred to in section 44B(2)(b) or in a property transfer instrument under section 43(2) (“Case 3”). (5) Case 4 is where— (a) the Bank has made a third-country instrument in accordance with section 89H of the Act (recognition of third-country resolution actions) , and (b) either— (i) that third-country instrument, or (ii) any subsequent third-country instrument made under section 89I(4)(b), makes special bail-in provision (“Case 4”).
3 Application
(1) These Regulations apply in the following cases. (2) Case 1 is where the Bank has made a resolution instrument in accordance with section 12A(2) of the Act (“Case 1”). (3) Case 2 is where— (a) the Bank has made a property transfer instrument in accordance with section 11(2), 12(2), 12ZA(3) or 44D(2) of the Act , and (b) the property transfer instrument makes special bail-in provision (in accordance with section 44B(1) of the Act ) (“Case 2”). (4) Case 3 is where— (a) the Bank has made a property transfer instrument in accordance with section 11(2), 12(2) or 12ZA(3) of the Act which does not make special bail-in provision, but (b) special bail-in provision is made (in accordance with section 44B(1) of the Act) in a supplemental property transfer instrument referred to in section 44B(2)(b) or in a property transfer instrument under section 43(2) (“Case 3”). (5) Case 4 is where— (a) the Bank has made a third-country instrument in accordance with section 89H of the Act (recognition of third-country resolution actions) , and (b) either— (i) that third-country instrument, or (ii) any subsequent third-country instrument made under section 89I(4)(b), makes special bail-in provision (“Case 4”).
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.
How this law is officially changed
Solon does not know this law's official route yet. The proposal is recorded all the same, and the route appears here once its source is added.
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.