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Financial Services (Banking Reform) Act 2013

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

What to do with it
As published

21 Vetting by relevant authorised persons of candidates for approval

After section 60 of FSMA 2000 insert— Vetting of candidates by relevant authorised persons 60A (1) Before a relevant authorised person may make an application for a regulator's approval under section 59, the authorised person must be satisfied that the person in respect of whom the application is made (“the candidate”) is a fit and proper person to perform the function to which the application relates. (2) In deciding that question, the authorised person must have regard, in particular, to whether the candidate, or any person who may perform a function on the candidate's behalf— (a) has obtained a qualification, (b) has undergone, or is undergoing, training, (c) possesses a level of competence, or (d) has the personal characteristics, required by general rules made by the regulator in relation to persons performing functions of the kind to which the application relates. (3) For the meaning of “relevant authorised person”, see section 71A.

Your change, as a redline

21 Vetting by relevant authorised persons of candidates for approval

After section 60 of FSMA 2000 insert— Vetting of candidates by relevant authorised persons 60A (1) Before a relevant authorised person may make an application for a regulator's approval under section 59, the authorised person must be satisfied that the person in respect of whom the application is made (“the candidate”) is a fit and proper person to perform the function to which the application relates. (2) In deciding that question, the authorised person must have regard, in particular, to whether the candidate, or any person who may perform a function on the candidate's behalf— (a) has obtained a qualification, (b) has undergone, or is undergoing, training, (c) possesses a level of competence, or (d) has the personal characteristics, required by general rules made by the regulator in relation to persons performing functions of the kind to which the application relates. (3) For the meaning of “relevant authorised person”, see section 71A.

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.

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Questions to start with
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