# The Insurance Accounts Directive (Lloyd's Syndicate and Aggregate Accounts) Regulations 2008, Paragraph 2: Compliance with Regulations


(1) Where compliance with—
(a) Schedule 3 to the 2008 Regulations; and
(b) these Regulations,
would not be sufficient to give a true and fair view, the additional information necessary to achieve this must be given in the accounts or in a note to them.
(2) If in special circumstances compliance with any of the provisions referred to in sub-paragraph (1) is inconsistent with the requirement to give a true and fair view, the managing agent must depart from that provision to the extent necessary to give a true and fair view.
(3) Particulars of any such departure, the reasons for it and its effect must be given in a note to the accounts.

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Source: https://www.legislation.gov.uk/uksi/2008/1950/schedule/1/paragraph/2 (the official version)
Page: https://openlegislation.uk/insurance-accounts-directive-lloyds-syndicate-and-aggregate-accounts-regulations-2008/schedule-1/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.