Article 14 The Society: authorisation and permissionI1
United Kingdom
The society incorporated by Lloyd’s Act 1871f1 by the name of Lloyd’s is to be treated as having Part 4A permission to carry on a regulated activity of any of the following kinds—
(a)
arranging deals in contracts of insurance written at Lloyd’s (“the basic market activity”);
(b)
arranging deals in participation in Lloyd’s syndicates (“the secondary market activity”);
(c)
an activity carried on in connection with, or for the purposes of, the basic or secondary market activity.
Annotations
Commencement
Footnotes
- f1
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34 & 35 Vict c. xxi. Section 315, which confers Part 4 permission on Lloyd’s is substituted by the 2012 Act, section 40.