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
45 Procedure
(1) Before making a designation order in respect of a payment system the Treasury must— (a) consult the Payment Systems Regulator and, if the system is a recognised ... payment system, the Bank of England, (b) notify the operator of the system, and (c) consider any representations made. (2) In considering whether to make a designation order in respect of a payment system, the Treasury may rely on information provided by— (a) the Bank of England, (b) the FCA, (c) the PRA, or (d) the Payment Systems Regulator.
45 Procedure
(1) Before making a designation order in respect of a payment system the Treasury must— (a) consult the Payment Systems Regulator and, if the system is a recognised ... payment system, the Bank of England, (b) notify the operator of the system, and (c) consider any representations made. (2) In considering whether to make a designation order in respect of a payment system, the Treasury may rely on information provided by— (a) the Bank of England, (b) the FCA, (c) the PRA, or (d) the Payment Systems Regulator.
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