The Securitisation 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
43 Warning notice
(1) If the FCA proposes— (a) to refuse under regulation 27 an application under regulation 26 for registration as a third party verification service, (b) to withdraw the registration of a third party verification service under regulation 31, (c) to refuse an application to withdraw a person’s registration to provide a third party verification service under regulation 32, (d) to impose a temporary prohibition under regulation 37, (e) to publish a statement in respect of a person under regulation 41, (f) to impose a penalty on a person under regulation 42, it must give the person a warning notice. (2) If the PRA proposes— (a) to impose a temporary prohibition under regulation 37, (b) to publish a statement in respect of a person under regulation 41, (c) to impose a penalty on a person under regulation 42, it must give the person a warning notice. (3) A warning notice about a proposal to impose a temporary prohibition in relation to management functions under regulation 37 must set out the terms of the proposed prohibition. (4) A warning notice about a proposal to publish a statement under regulation 41 must set out the terms of the statement. (5) A warning notice about a proposal to impose a penalty under regulation 42 must state the amount of the proposed penalty. (6) A warning notice must inform the person concerned that the person may make representations to the regulator who gave the notice within such period as may be specified in the notice (whether or not the person concerned has referred the matter to the Tribunal).
43 Warning notice
(1) If the FCA proposes— (a) to refuse under regulation 27 an application under regulation 26 for registration as a third party verification service, (b) to withdraw the registration of a third party verification service under regulation 31, (c) to refuse an application to withdraw a person’s registration to provide a third party verification service under regulation 32, (d) to impose a temporary prohibition under regulation 37, (e) to publish a statement in respect of a person under regulation 41, (f) to impose a penalty on a person under regulation 42, it must give the person a warning notice. (2) If the PRA proposes— (a) to impose a temporary prohibition under regulation 37, (b) to publish a statement in respect of a person under regulation 41, (c) to impose a penalty on a person under regulation 42, it must give the person a warning notice. (3) A warning notice about a proposal to impose a temporary prohibition in relation to management functions under regulation 37 must set out the terms of the proposed prohibition. (4) A warning notice about a proposal to publish a statement under regulation 41 must set out the terms of the statement. (5) A warning notice about a proposal to impose a penalty under regulation 42 must state the amount of the proposed penalty. (6) A warning notice must inform the person concerned that the person may make representations to the regulator who gave the notice within such period as may be specified in the notice (whether or not the person concerned has referred the matter to the Tribunal).
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.