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The Earl of Lindsey and Abingdon
asked Her Majesty's Government:Whether the Council of Lloyd's decision to allow certain groups, including Lloyd's insurance brokers, to acquire an interest in managing agents contravenes Sections 10 to 12 of the Lloyd's Act 1982.
Baroness Miller of Hendon
The Council of Lloyd's has made it clear that compliance with the Lloyd's Act 1982, including Sections 10 to 12, will be one of the main tests in implementing this decision.