{
  "url": "https://openlegislation.uk/insurance-accounts-directive-lloyds-syndicate-and-aggregate-accounts-regulations-2004/regulation-17",
  "json_url": "https://openlegislation.uk/insurance-accounts-directive-lloyds-syndicate-and-aggregate-accounts-regulations-2004/regulation-17.json",
  "legislation": "uksi/2004/3219",
  "legislation_title": "The Insurance Accounts Directive (Lloyd’s Syndicate and Aggregate Accounts) Regulations 2004",
  "legislation_url": "https://openlegislation.uk/insurance-accounts-directive-lloyds-syndicate-and-aggregate-accounts-regulations-2004",
  "path": "regulation/17",
  "kind": "regulation",
  "number": "17",
  "heading": "Transitional provisions",
  "text": "(1) The managing agent of a syndicate need not prepare accounts in accordance with regulations 3 and 4 with respect to a financial year of the syndicate commencing on or before 31st December 2004.\n(2) Where advantage is taken of paragraph (1), regulation 7 does not apply to the managing agent.\n(3) The members of the Council of Lloyd’s need not—\n(a) prepare aggregate accounts in accordance with regulation 8;\n(b) prepare an annual report in accordance with regulation 10; or\n(c) obtain an auditors' report in accordance with regulation 12\nwith respect to a financial year commencing on or before 31st December 2004.\n(4) Nothing in this regulation exempts a managing agent or the Council of Lloyd’s from any requirement to include corresponding amounts from previous financial years in syndicate or aggregate accounts prepared in accordance with these Regulations.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2004/3219/regulation/17",
    "retrieved_at": "2026-10-29T05:14:02.149238+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}