The Moveable Transactions (Scotland) Act 2023 (Financial Collateral Arrangements and Financial Instruments) (Consequential Provisions and Modifications) Order 2025
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
10 Amendment of unregistered statutory pledge over financial instrument
(1) An unregistered statutory pledge may be amended by means of an evidenced agreement between the collateral-taker and the provider (and see article 7(4)(a) in relation to the application of section 58(1) of the Act (amendment of statutory pledge) to such a pledge). (2) Where an unregistered statutory pledge is amended solely for the purposes of adding property to the encumbered property it may be so amended by means of an evidenced statement by or on behalf of the provider.
10 Amendment of unregistered statutory pledge over financial instrument
(1) An unregistered statutory pledge may be amended by means of an evidenced agreement between the collateral-taker and the provider (and see article 7(4)(a) in relation to the application of section 58(1) of the Act (amendment of statutory pledge) to such a pledge). (2) Where an unregistered statutory pledge is amended solely for the purposes of adding property to the encumbered property it may be so amended by means of an evidenced statement by or on behalf of the provider.
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.