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Lloyd's: Compliance

Volume 570: debated on Thursday 14 March 1996

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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.

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.