# Finance Act 1993, Paragraph 10

Extent: E+W+S+N.I.

In this Schedule—
“conversion arrangement” means a conversion arrangement made under the rules or practice of Lloyd's;
“successor member” has the meaning given by the rules or practice of Lloyd's;
“syndicate capacity”, in relation to a member or Lloyd’s partnership, means an asset comprising the rights of the member or partnership under a syndicate in which the member or partnership participates.

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Source: https://www.legislation.gov.uk/ukpga/1993/34/schedule/20A/paragraph/10 (the official version)
Page: https://openlegislation.uk/finance-act-1993/schedule-20A/paragraph-10
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.