Banking Act 1987 (repealed)
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
23 Objection by direction of the Treasury.
(1) The Treasury may direct the Authority to serve a notice of objection under this section on a person— (a) who has given notice under section 21 above of his intention to become a shareholder controller of any description of an institution which is not a credit institution; or (b) who has become such a controller without giving the required notice under that section, if it appears to the Treasury that, in the event of his becoming or, as the case may be, as a result of his having become, such a controller, a notice could be served on the institution by the Treasury under section 183 of the Financial Services Act 1986 (disqualification or restriction of persons connected with overseas countries which do not afford reciprocal facilities for financial business). (2) No direction shall be given in a case within subsection (1)(b) above more than three months after the Treasury becomes aware of the fact that the person concerned has become a controller of the relevant description. (3) Any notice of objection served by virtue of a direction under this section shall state the grounds on which it is served.
23 Objection by direction of the Treasury.
(1) The Treasury may direct the Authority to serve a notice of objection under this section on a person— (a) who has given notice under section 21 above of his intention to become a shareholder controller of any description of an institution which is not a credit institution; or (b) who has become such a controller without giving the required notice under that section, if it appears to the Treasury that, in the event of his becoming or, as the case may be, as a result of his having become, such a controller, a notice could be served on the institution by the Treasury under section 183 of the Financial Services Act 1986 (disqualification or restriction of persons connected with overseas countries which do not afford reciprocal facilities for financial business). (2) No direction shall be given in a case within subsection (1)(b) above more than three months after the Treasury becomes aware of the fact that the person concerned has become a controller of the relevant description. (3) Any notice of objection served by virtue of a direction under this section shall state the grounds on which it is served.
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.