Regulation 4 Amendment of the Insurers (Reorganisation and Winding Up (Lloyd's) Regulations 2005I1
United Kingdom
The Insurers (Reorganisation and Winding Up) (Lloyd's) Regulations 2005 M1 are amended as follows.
In regulation 2 (interpretation), in paragraph (1)—
in the definition of “the association of underwriters known as Lloyd's” at the end insert “ , as it had effect immediately before F1IP completion day”; and
in the definition of “overseas insurance business” for “that is not or is not part of an EEA State” substitute “ other than the United Kingdom ”.
In regulation 10 (announcement of appointment of controller) omit paragraph (2).
Omit the following regulations—
regulation 34 (notification of relevant decision to EEA Regulators);
regulation 35 (application of certain publication requirements in the principal Regulations to members);
regulation 36 (notification to creditors: winding up proceedings relating to members); and
regulation 37 (submission of claims by EEA creditor).
In regulation 39 (service of notices and documents)—
in paragraph (1) for “regulations 33 to 35” substitute “ regulation 33 ”; and
in paragraph (3) for “regulations 33 to 37 above” substitute “ regulation 33 ”.
In regulation 45 (application of Part 5 of the principal Regulations), in paragraph (1) omit “: recognition of EEA rights)”.
In regulation 46 (modification of provisions in Part 5 of the principal Regulations)—
in paragraph (4), in the opening words (the reference to regulation 37 of the principal Regulations) omit “EEA rights:”; and
omit paragraph (5).
In regulation 48 (non-EEA countries) for “the EEA” substitute “ the United Kingdom ”.
Annotations
Textual amendments
- F1
Words in reg. 4(2)(a) substituted (30.12.2020) by The Financial Services and Economic and Monetary Policy (Consequential Amendments) (EU Exit) Regulations 2020 (S.I. 2020/1301), regs. 1, 3, Sch. para. 13(b)
Marginal citations
- M1
Commencement
- I1
Reg. 4 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)