No Maisters Wardens & felishippes of Craftes or mysters, nor eny of them, nor eny rulers of guyldes or fraternities, take uppon them to make eny actes or ordinaunces, ne to execute eny actes or ordinaunces be them here afore made, in disheritaunce or dimunucion of the preogatyffe of the of the King, nor of other, nor ageynste the comen profite of the people, but yf the same actes or ordinaunces be examyned & approved by the Chaunceller Tresorer of Englonde & cheffe Justices of ether Benche, or thre of them; or before bothe the Justices of Assises in ther cyrcuyte or progresse in that Shyre wher suche actes or ordinaunces be made, uppon the peyne of forfeytoure of xl ti. for every tyme that they doo the contarie.