{
  "url": "https://openlegislation.uk/insurance-lloyds-regulations-1997/schedule-1/paragraph-6",
  "json_url": "https://openlegislation.uk/insurance-lloyds-regulations-1997/schedule-1/paragraph-6.json",
  "legislation": "uksi/1997/686",
  "legislation_title": "The Insurance (Lloyd's) Regulations 1997",
  "legislation_url": "https://openlegislation.uk/insurance-lloyds-regulations-1997",
  "path": "schedule/1/paragraph/6",
  "kind": "paragraph",
  "number": "6",
  "heading": null,
  "text": "After paragraph 2 of the said Schedule 3 insert—\n“2A The aggregate arrived at under paragraph 2 above shall be multiplied by a flat-rate percentage determined for that year by the Secretary of State in the light of the most recent statistical data on commissions paid and the resulting product shall be reduced by a flat-rate percentage determined by the Secretary of State in the light of the most recent statistical data on reinsurance premiums ceded between syndicates at Lloyd's.”",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1997/686/schedule/1/paragraph/6",
    "retrieved_at": "2026-10-29T12:22:25.804486+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."
}