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
44 Designation criteria
(1) The Treasury may make a designation order in respect of a payment system only if they are satisfied that any deficiencies in the design of the system, or any disruption of its operation, would be likely to have serious consequences for those who use, or are likely to use, the services provided by the system. (2) In considering whether to make a designation order in respect of a payment system, the Treasury must have regard to— (a) the number and value of the transactions that the system presently processes or is likely to process in the future, (b) the nature of the transactions that the system presently processes or is likely to process in the future, (c) whether those transactions or their equivalent could be handled by other payment systems, and (d) the relationship between the system and other payment systems.
44 Designation criteria
(1) The Treasury may make a designation order in respect of a payment system only if they are satisfied that any deficiencies in the design of the system, or any disruption of its operation, would be likely to have serious consequences for those who use, or are likely to use, the services provided by the system. (2) In considering whether to make a designation order in respect of a payment system, the Treasury must have regard to— (a) the number and value of the transactions that the system presently processes or is likely to process in the future, (b) the nature of the transactions that the system presently processes or is likely to process in the future, (c) whether those transactions or their equivalent could be handled by other payment systems, and (d) the relationship between the system and other payment systems.
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.