The Immigration Act 2014 (Bank Accounts) 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
18 Restrictions on permission to carry on regulated activities
(1) If the FCA considers that a current account authorised person (“P”) has contravened a relevant requirement, it may impose, for such period as it considers appropriate, such limitations or other restrictions in relation to the carrying on of a regulated activity by P as it considers appropriate. (2) In paragraph (1) above “carrying on a regulated activity” means carrying on a regulated activity under any permission given (or treated as given) by the FCA or PRA or conferred by any provision of the 2000 Act. (3) The period for which a restriction is to have effect may not exceed 12 months. (4) A restriction may, in particular, be imposed so as to require P to take, or refrain from taking, specified action. (5) The FCA may— (a) withdraw a restriction, or (b) vary a restriction so as to reduce the period for which it has effect or otherwise to limit its effect. (6) The power under this regulation may (but need not) be exercised so as to have effect in relation to all the regulated activities that P carries on. (7) Any one or more of the powers under this regulation and regulations 15 to 17 (public censure, statement of misconduct and financial penalties) may be exercised in relation to the same contravention.
18 Restrictions on permission to carry on regulated activities
(1) If the FCA considers that a current account authorised person (“P”) has contravened a relevant requirement, it may impose, for such period as it considers appropriate, such limitations or other restrictions in relation to the carrying on of a regulated activity by P as it considers appropriate. (2) In paragraph (1) above “carrying on a regulated activity” means carrying on a regulated activity under any permission given (or treated as given) by the FCA or PRA or conferred by any provision of the 2000 Act. (3) The period for which a restriction is to have effect may not exceed 12 months. (4) A restriction may, in particular, be imposed so as to require P to take, or refrain from taking, specified action. (5) The FCA may— (a) withdraw a restriction, or (b) vary a restriction so as to reduce the period for which it has effect or otherwise to limit its effect. (6) The power under this regulation may (but need not) be exercised so as to have effect in relation to all the regulated activities that P carries on. (7) Any one or more of the powers under this regulation and regulations 15 to 17 (public censure, statement of misconduct and financial penalties) may be exercised in relation to the same contravention.
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.