The Data Reporting Services Regulations 2024
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
10 Cancellation of an authorisation to provide a data reporting service
(1) The FCA may cancel a person’s authorisation to provide a data reporting service where— (a) the person requests, or consents to, the cancellation of the authorisation; (b) in the case of an authorisation to provide a CTP service in respect of which a direction to tender is given, the person is not awarded the tender contract; (c) the person has not provided the data reporting service which the person is authorised to provide for the preceding six months; (d) the person has obtained the authorisation through false statements or other irregular means; (e) the person no longer meets the conditions under which the authorisation was granted; (f) the FCA is not satisfied the persons who effectively direct the business of the person are of good repute; (g) the person has seriously and systematically infringed requirements imposed by or under— (i) these Regulations, (ii) data reporting service rules, (iii) the markets in financial instruments regulation, or (iv) any assimilated law made under the markets in financial instruments directive or the markets in financial instruments regulation. (2) A request made under paragraph (1)(a) must be made in such manner as the FCA may direct. (3) The FCA may refuse a request under paragraph (1)(a). (4) The FCA must give a person a warning notice where it proposes to— (a) cancel a person’s authorisation, other than at the person’s request; or (b) refuse a request under paragraph (1)(a). (5) The FCA must, having considered any representations made in response to the warning notice— (a) give the person notice of its decision if it decides— (i) not to cancel the authorisation, or (ii) to approve the request under paragraph (1)(a); or (b) give the person a decision notice if it decides— (i) to cancel the authorisation, or (ii) to refuse the request under paragraph (1)(a). (6) The person may refer the matter to the Tribunal if the FCA decides— (a) to cancel the authorisation, other than at the person’s request, or (b) to refuse the request under paragraph (1)(a). (7) Where the period for a reference to the Tribunal has expired without such reference being made, the FCA must as soon as practicable update the register accordingly.
10 Cancellation of an authorisation to provide a data reporting service
(1) The FCA may cancel a person’s authorisation to provide a data reporting service where— (a) the person requests, or consents to, the cancellation of the authorisation; (b) in the case of an authorisation to provide a CTP service in respect of which a direction to tender is given, the person is not awarded the tender contract; (c) the person has not provided the data reporting service which the person is authorised to provide for the preceding six months; (d) the person has obtained the authorisation through false statements or other irregular means; (e) the person no longer meets the conditions under which the authorisation was granted; (f) the FCA is not satisfied the persons who effectively direct the business of the person are of good repute; (g) the person has seriously and systematically infringed requirements imposed by or under— (i) these Regulations, (ii) data reporting service rules, (iii) the markets in financial instruments regulation, or (iv) any assimilated law made under the markets in financial instruments directive or the markets in financial instruments regulation. (2) A request made under paragraph (1)(a) must be made in such manner as the FCA may direct. (3) The FCA may refuse a request under paragraph (1)(a). (4) The FCA must give a person a warning notice where it proposes to— (a) cancel a person’s authorisation, other than at the person’s request; or (b) refuse a request under paragraph (1)(a). (5) The FCA must, having considered any representations made in response to the warning notice— (a) give the person notice of its decision if it decides— (i) not to cancel the authorisation, or (ii) to approve the request under paragraph (1)(a); or (b) give the person a decision notice if it decides— (i) to cancel the authorisation, or (ii) to refuse the request under paragraph (1)(a). (6) The person may refer the matter to the Tribunal if the FCA decides— (a) to cancel the authorisation, other than at the person’s request, or (b) to refuse the request under paragraph (1)(a). (7) Where the period for a reference to the Tribunal has expired without such reference being made, the FCA must as soon as practicable update the register accordingly.
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.