The Bank Recovery and Resolution (No. 2) Order 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
As published
139 Minimum requirement for other group entities set up in the United Kingdom
(1) The Bank may decide, after consulting the regulator, that a group entity, other than a group institution, set up in the United Kingdom should be required to maintain a minimum requirement for own funds and eligible liabilities ....
(2) Where the Bank makes a such decision, articles 134 , 135 and 138 apply for the purpose of determining and reviewing the requirement and ensuring that the requirement is maintained and met, but have effect for that purpose as if each reference to an institution ... included a reference to the group entity for which the requirement is being (or has been) determined.
(3) In this article “the regulator”—
(a) where there is a PRA-authorised person and any other UK authorised person in the relevant group, means the PRA and the FCA;
(b) where there is a PRA-authorised person and no other UK authorised person in the relevant group, means the PRA;
(c) where there is no PRA-authorised person in the relevant group, means the FCA.
Your change, as a redline
139 Minimum requirement for other group entities set up in the United Kingdom
(1) The Bank may decide, after consulting the regulator, that a group entity, other than a group institution, set up in the United Kingdom should be required to maintain a minimum requirement for own funds and eligible liabilities ....
(2) Where the Bank makes a such decision, articles 134 , 135 and 138 apply for the purpose of determining and reviewing the requirement and ensuring that the requirement is maintained and met, but have effect for that purpose as if each reference to an institution ... included a reference to the group entity for which the requirement is being (or has been) determined.
(3) In this article “the regulator”—
(a) where there is a PRA-authorised person and any other UK authorised person in the relevant group, means the PRA and the FCA;
(b) where there is a PRA-authorised person and no other UK authorised person in the relevant group, means the PRA;
(c) where there is no PRA-authorised person in the relevant group, means the FCA.
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.
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.