The Financial Services and Markets Act 2023 (Digital Securities Sandbox) (Amendment) Regulations 2025
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
6 Amendment of Part 3 of the Schedule
(1) In Part 3 of the Schedule (modifications of FSMA 2000) — (a) for the first entry for the table insert— Section 20 | Treat a reference to a “regulated activity”, in relation to a digital securities depository, as excluding such regulated activity that the digital securities depository carries on in connection with any of the FMI activities under regulation 3(5)(b) or ancillary FMI activities for which it has approval under its SAN; ; (b) in the entry for paragraph 21 of Part 3 of the Schedule (modifications of Schedule 17A to FSMA 2000), after the words in the second column insert— Paragraph 21 | Treat a reference to section 345E in this paragraph as disapplied.
6 Amendment of Part 3 of the Schedule
(1) In Part 3 of the Schedule (modifications of FSMA 2000) — (a) for the first entry for the table insert— Section 20 | Treat a reference to a “regulated activity”, in relation to a digital securities depository, as excluding such regulated activity that the digital securities depository carries on in connection with any of the FMI activities under regulation 3(5)(b) or ancillary FMI activities for which it has approval under its SAN; ; (b) in the entry for paragraph 21 of Part 3 of the Schedule (modifications of Schedule 17A to FSMA 2000), after the words in the second column insert— Paragraph 21 | Treat a reference to section 345E in this paragraph as disapplied.
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.