Propose a change

Banking Act 2009

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

What to do with it
As published

261 Index of defined terms

The Table sets out expressions defined in this Act for general purposes. Expression | Section Action | 93 and 166 Additional Tier 1 instruments (in Part 1) | 3 Bail-in compensation order | 49 bail in liabilities | 3 Bank (Part 1) | 2 Bank (Part 2) | 91 Bank administration | 136 Bank administration order | 141 Bank insolvency | 90 Bank insolvency order | 94 Bank of England | 256B Banking group company | 81D Bridge bank | 12 Bridge bank reverse share transfer instrument | 31 Bridge bank share transfer instrument | 30 Bridge bank supplemental property transfer instrument | 44D Bridge bank supplemental reverse property transfer instrument | 44E the capital requirements regulation (in Part 1) | 3 . . . | . . . Client assets (Part 1) | 3 Common Equity Tier 1 instruments (in Part 1) | 3 Compensation scheme order | 49 The court (Part 2) | 92 The court (Part 3) | 166 critical functions (in Part 1) | 3 Eligible depositors | 93 eligible liabilities | 3 Enactment | 258 extraordinary public financial support (in Part 1) | 3 FCA | 3, 93, 166 , 183 & 206F . . . | . . . FSCS (in Part 1) | 3 FSCS (in Part 2) | 93 Fair | 93 Financial assistance | 257 Financial institution | 230 Full payment resolution | 100 Independent valuer | 54 . . . | . . . Investment firm | 258A Liquidation committee | 100 mandatory reduction instrument | 6B Normal insolvency proceedings (in Part 1) | 3 Objective 1 Achievement Notice | 139 Onward bridge bank | 12 Onward property transfer instrument | 43 Onward share transfer instrument | 26ZA Onward share transfer order | 28 own funds (in Part 1) | 3 own funds requirements (in Part 1) | 3 Partial property transfer | 47 Payment system | 182 Payment Systems Regulator | 183 & 206F . . . | . . . PRA | 3, 93, 166 , 183 & 206F Private sector reverse property transfer instrument | 42A Property transfer instrument | 33 Property transfer order | 45 Prudential Regulation Authority | 256B . . . | . . . the recovery and resolution directive (in Part 1) | 3 relevant capital instruments (in Part 1) | 3 relevant internal liabilities | 3 resolution company | 29A resolution entity | 3 Resolution fund order | 49 resolution group | 3 Resolution instrument | 12A Reverse property transfer instrument | 44 Reverse property transfer order | 46 ... reverse share transfer instrument | 26A Reverse share transfer order | 29 Securities | 14 Share transfer instrument | 15 Share transfer order | 16 Special bail-in provision | 48B Special resolution regime | 1 Special resolution objectives | 4 Stabilisation options | 1 Stabilisation powers | 1 Supplemental property transfer instrument | 42 Supplemental share transfer instrument or order | 26 & 27 third-country instrument | 89I Third party compensation order | 49 & 59 Tier 2 instruments (in Part 1) | 3 Unable to pay debts | 93 & 166 . . . | . . .

Your change, as a redline

261 Index of defined terms

The Table sets out expressions defined in this Act for general purposes. Expression | Section Action | 93 and 166 Additional Tier 1 instruments (in Part 1) | 3 Bail-in compensation order | 49 bail in liabilities | 3 Bank (Part 1) | 2 Bank (Part 2) | 91 Bank administration | 136 Bank administration order | 141 Bank insolvency | 90 Bank insolvency order | 94 Bank of England | 256B Banking group company | 81D Bridge bank | 12 Bridge bank reverse share transfer instrument | 31 Bridge bank share transfer instrument | 30 Bridge bank supplemental property transfer instrument | 44D Bridge bank supplemental reverse property transfer instrument | 44E the capital requirements regulation (in Part 1) | 3 . . . | . . . Client assets (Part 1) | 3 Common Equity Tier 1 instruments (in Part 1) | 3 Compensation scheme order | 49 The court (Part 2) | 92 The court (Part 3) | 166 critical functions (in Part 1) | 3 Eligible depositors | 93 eligible liabilities | 3 Enactment | 258 extraordinary public financial support (in Part 1) | 3 FCA | 3, 93, 166 , 183 & 206F . . . | . . . FSCS (in Part 1) | 3 FSCS (in Part 2) | 93 Fair | 93 Financial assistance | 257 Financial institution | 230 Full payment resolution | 100 Independent valuer | 54 . . . | . . . Investment firm | 258A Liquidation committee | 100 mandatory reduction instrument | 6B Normal insolvency proceedings (in Part 1) | 3 Objective 1 Achievement Notice | 139 Onward bridge bank | 12 Onward property transfer instrument | 43 Onward share transfer instrument | 26ZA Onward share transfer order | 28 own funds (in Part 1) | 3 own funds requirements (in Part 1) | 3 Partial property transfer | 47 Payment system | 182 Payment Systems Regulator | 183 & 206F . . . | . . . PRA | 3, 93, 166 , 183 & 206F Private sector reverse property transfer instrument | 42A Property transfer instrument | 33 Property transfer order | 45 Prudential Regulation Authority | 256B . . . | . . . the recovery and resolution directive (in Part 1) | 3 relevant capital instruments (in Part 1) | 3 relevant internal liabilities | 3 resolution company | 29A resolution entity | 3 Resolution fund order | 49 resolution group | 3 Resolution instrument | 12A Reverse property transfer instrument | 44 Reverse property transfer order | 46 ... reverse share transfer instrument | 26A Reverse share transfer order | 29 Securities | 14 Share transfer instrument | 15 Share transfer order | 16 Special bail-in provision | 48B Special resolution regime | 1 Special resolution objectives | 4 Stabilisation options | 1 Stabilisation powers | 1 Supplemental property transfer instrument | 42 Supplemental share transfer instrument or order | 26 & 27 third-country instrument | 89I Third party compensation order | 49 & 59 Tier 2 instruments (in Part 1) | 3 Unable to pay debts | 93 & 166 . . . | . . .

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.

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Think 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.

Questions to start with
Think it through
Legal information from the published text, not advice for your case. Check the sources. Find a law · What the register holds