{
  "url": "https://openlegislation.uk/insurers-reorganisation-and-winding-up-lloyds-regulations-2005",
  "json_url": "https://openlegislation.uk/insurers-reorganisation-and-winding-up-lloyds-regulations-2005.json",
  "id": "uksi/2005/1998",
  "title": "The Insurers (Reorganisation and Winding Up) (Lloyd's) Regulations 2005",
  "short_title": "Insurers (Reorganisation and Winding Up) (Lloyd's) 2005",
  "long_title": "These Regulations implement the Insurance Reorganisation and Winding-up Directive 2001/17/EC in respect of the Lloyd's of London insurance market. The Directive was originally implemented for all insurers in the UK apart from Lloyd's by the Insurers (Reorganisation and Winding Up) Regulations 2003 on 17 April 2003. These Regulations were replaced by the Insurers (Reorganisation and Winding Up) Regulations 2004 (“the principal Regulations”) which gave effect, in relation to insurers, to the new administration provisions in the Enterprise Act 2002. These Regulations make necessary adaptations of the principal Regulations in order to implement the obligations of the Directive with regard to the association of underwriters known as Lloyd's which is the regulated undertaking within Community law.",
  "citation": "S.I. 2005/1998",
  "type": "uksi",
  "year": "2005",
  "number": "1998",
  "version": "current",
  "date": "2005-07-19",
  "revised": true,
  "valid_from": "2023-07-11",
  "extent": "E+W+S+N.I.",
  "unapplied_effects": 1,
  "provisions": [
    {
      "path": "introduction",
      "kind": "introduction",
      "number": null,
      "heading": "Introductory text",
      "url": "https://openlegislation.uk/insurers-reorganisation-and-winding-up-lloyds-regulations-2005/introduction",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "part/1",
      "kind": "part",
      "number": "1",
      "heading": "GENERAL",
      "url": null,
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/1",
      "kind": "regulation",
      "number": "1",
      "heading": "Citation and commencement",
      "url": "https://openlegislation.uk/insurers-reorganisation-and-winding-up-lloyds-regulations-2005/regulation-1",
      "extent": null,
      "status": null,
      "parent": "part/1"
    },
    {
      "path": "regulation/2",
      "kind": "regulation",
      "number": "2",
      "heading": "Interpretation",
      "url": "https://openlegislation.uk/insurers-reorganisation-and-winding-up-lloyds-regulations-2005/regulation-2",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/1"
    },
    {
      "path": "part/2",
      "kind": "part",
      "number": "2",
      "heading": "LLOYD'S MARKET REORGANISATION ORDER",
      "url": null,
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/3",
      "kind": "regulation",
      "number": "3",
      "heading": "Lloyd's market reorganisation order",
      "url": "https://openlegislation.uk/insurers-reorganisation-and-winding-up-lloyds-regulations-2005/regulation-3",
      "extent": null,
      "status": null,
      "parent": "part/2"
    },
    {
      "path": "regulation/4",
      "kind": "regulation",
      "number": "4",
      "heading": "Condition for making order",
      "url": "https://openlegislation.uk/insurers-reorganisation-and-winding-up-lloyds-regulations-2005/regulation-4",
      "extent": null,
      "status": null,
      "parent": "part/2"
    },
    {
      "path": "regulation/5",
      "kind": "regulation",
      "number": "5",
      "heading": "Objectives of a Lloyd's market reorganisation order",
      "url": "https://openlegislation.uk/insurers-reorganisation-and-winding-up-lloyds-regulations-2005/regulation-5",
      "extent": null,
      "status": null,
      "parent": "part/2"
    },
    {
      "path": "regulation/6",
      "kind": "regulation",
      "number": "6",
      "heading": "Application for a Lloyd's market reorganisation order",
      "url": "https://openlegislation.uk/insurers-reorganisation-and-winding-up-lloyds-regulations-2005/regulation-6",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/2"
    },
    {
      "path": "regulation/7",
      "kind": "regulation",
      "number": "7",
      "heading": "Powers of the court",
      "url": "https://openlegislation.uk/insurers-reorganisation-and-winding-up-lloyds-regulations-2005/regulation-7",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/2"
    },
    {
      "path": "regulation/8",
      "kind": "regulation",
      "number": "8",
      "heading": "Moratorium",
      "url": "https://openlegislation.uk/insurers-reorganisation-and-winding-up-lloyds-regulations-2005/regulation-8",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/2"
    },
    {
      "path": "regulation/9",
      "kind": "regulation",
      "number": "9",
      "heading": "Reorganisation controller",
      "url": "https://openlegislation.uk/insurers-reorganisation-and-winding-up-lloyds-regulations-2005/regulation-9",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/2"
    },
    {
      "path": "regulation/10",
      "kind": "regulation",
      "number": "10",
      "heading": "Announcement of appointment of controller",
      "url": "https://openlegislation.uk/insurers-reorganisation-and-winding-up-lloyds-regulations-2005/regulation-10",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/2"
    },
    {
      "path": "regulation/11",
      "kind": "regulation",
      "number": "11",
      "heading": "Market reorganisation plan",
      "url": "https://openlegislation.uk/insurers-reorganisation-and-winding-up-lloyds-regulations-2005/regulation-11",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/2"
    },
    {
      "path": "regulation/12",
      "kind": "regulation",
      "number": "12",
      "heading": "Remuneration of the reorganisation controller",
      "url": "https://openlegislation.uk/insurers-reorganisation-and-winding-up-lloyds-regulations-2005/regulation-12",
      "extent": null,
      "status": null,
      "parent": "part/2"
    },
    {
      "path": "regulation/13",
      "kind": "regulation",
      "number": "13",
      "heading": "Treatment of members",
      "url": "https://openlegislation.uk/insurers-reorganisation-and-winding-up-lloyds-regulations-2005/regulation-13",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/2"
    },
    {
      "path": "regulation/14",
      "kind": "regulation",
      "number": "14",
      "heading": "Revocation of an order under regulation 13",
      "url": "https://openlegislation.uk/insurers-reorganisation-and-winding-up-lloyds-regulations-2005/regulation-14",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/2"
    },
    {
      "path": "regulation/15",
      "kind": "regulation",
      "number": "15",
      "heading": "Reorganisation controller's powers: voluntary arrangements in respect of a member",
      "url": "https://openlegislation.uk/insurers-reorganisation-and-winding-up-lloyds-regulations-2005/regulation-15",
      "extent": null,
      "status": null,
      "parent": "part/2"
    },
    {
      "path": "regulation/16",
      "kind": "regulation",
      "number": "16",
      "heading": "Reorganisation controller's powers: individual voluntary arrangements in respect of a member",
      "url": "https://openlegislation.uk/insurers-reorganisation-and-winding-up-lloyds-regulations-2005/regulation-16",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/2"
    },
    {
      "path": "regulation/17",
      "kind": "regulation",
      "number": "17",
      "heading": "Reorganisation controller's powers: trust deeds for creditors in Scotland",
      "url": "https://openlegislation.uk/insurers-reorganisation-and-winding-up-lloyds-regulations-2005/regulation-17",
      "extent": null,
      "status": null,
      "parent": "part/2"
    },
    {
      "path": "regulation/18",
      "kind": "regulation",
      "number": "18",
      "heading": "Powers of reorganisation controller: section 899 compromise or arrangement",
      "url": "https://openlegislation.uk/insurers-reorganisation-and-winding-up-lloyds-regulations-2005/regulation-18",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/2"
    },
    {
      "path": "regulation/19",
      "kind": "regulation",
      "number": "19",
      "heading": "Appointment of an administrator, receiver or interim trustee in relation to a member",
      "url": "https://openlegislation.uk/insurers-reorganisation-and-winding-up-lloyds-regulations-2005/regulation-19",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/2"
    },
    {
      "path": "regulation/20",
      "kind": "regulation",
      "number": "20",
      "heading": "Reorganisation controller's powers: administration orders in respect of members",
      "url": "https://openlegislation.uk/insurers-reorganisation-and-winding-up-lloyds-regulations-2005/regulation-20",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/2"
    },
    {
      "path": "regulation/21",
      "kind": "regulation",
      "number": "21",
      "heading": "Reorganisation controller's powers: receivership in relation to members",
      "url": "https://openlegislation.uk/insurers-reorganisation-and-winding-up-lloyds-regulations-2005/regulation-21",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/2"
    },
    {
      "path": "regulation/22",
      "kind": "regulation",
      "number": "22",
      "heading": "Syndicate set-off",
      "url": "https://openlegislation.uk/insurers-reorganisation-and-winding-up-lloyds-regulations-2005/regulation-22",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/2"
    },
    {
      "path": "regulation/23",
      "kind": "regulation",
      "number": "23",
      "heading": "Voluntary winding up of members: consent of reorganisation controller",
      "url": "https://openlegislation.uk/insurers-reorganisation-and-winding-up-lloyds-regulations-2005/regulation-23",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/2"
    },
    {
      "path": "regulation/24",
      "kind": "regulation",
      "number": "24",
      "heading": "Voluntary winding up of members: powers of reorganisation controller",
      "url": "https://openlegislation.uk/insurers-reorganisation-and-winding-up-lloyds-regulations-2005/regulation-24",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/2"
    },
    {
      "path": "regulation/25",
      "kind": "regulation",
      "number": "25",
      "heading": "Petition for winding up of a member by reorganisation controller",
      "url": "https://openlegislation.uk/insurers-reorganisation-and-winding-up-lloyds-regulations-2005/regulation-25",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/2"
    },
    {
      "path": "regulation/26",
      "kind": "regulation",
      "number": "26",
      "heading": "Winding up of a member: powers of reorganisation controller",
      "url": "https://openlegislation.uk/insurers-reorganisation-and-winding-up-lloyds-regulations-2005/regulation-26",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/2"
    },
    {
      "path": "regulation/27",
      "kind": "regulation",
      "number": "27",
      "heading": "Petition for bankruptcy of a member by reorganisation controller",
      "url": "https://openlegislation.uk/insurers-reorganisation-and-winding-up-lloyds-regulations-2005/regulation-27",
      "extent": null,
      "status": null,
      "parent": "part/2"
    },
    {
      "path": "regulation/28",
      "kind": "regulation",
      "number": "28",
      "heading": "Bankruptcy of a member: powers of reorganisation controller",
      "url": "https://openlegislation.uk/insurers-reorganisation-and-winding-up-lloyds-regulations-2005/regulation-28",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/2"
    },
    {
      "path": "regulation/29",
      "kind": "regulation",
      "number": "29",
      "heading": "Petition for winding up of the Society by reorganisation controller",
      "url": "https://openlegislation.uk/insurers-reorganisation-and-winding-up-lloyds-regulations-2005/regulation-29",
      "extent": null,
      "status": null,
      "parent": "part/2"
    },
    {
      "path": "regulation/30",
      "kind": "regulation",
      "number": "30",
      "heading": "Winding up of the Society: service of petition etc. on reorganisation controller",
      "url": "https://openlegislation.uk/insurers-reorganisation-and-winding-up-lloyds-regulations-2005/regulation-30",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/2"
    },
    {
      "path": "regulation/31",
      "kind": "regulation",
      "number": "31",
      "heading": "Payments from central funds",
      "url": "https://openlegislation.uk/insurers-reorganisation-and-winding-up-lloyds-regulations-2005/regulation-31",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/2"
    },
    {
      "path": "part/3",
      "kind": "part",
      "number": "3",
      "heading": "MODIFICATION OF LAW OF INSOLVENCY: NOTIFICATION AND PUBLICATION",
      "url": null,
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/32",
      "kind": "regulation",
      "number": "32",
      "heading": "Application of Parts 3 and 4",
      "url": "https://openlegislation.uk/insurers-reorganisation-and-winding-up-lloyds-regulations-2005/regulation-32",
      "extent": null,
      "status": null,
      "parent": "part/3"
    },
    {
      "path": "regulation/33",
      "kind": "regulation",
      "number": "33",
      "heading": "Notification of relevant decision to PRA",
      "url": "https://openlegislation.uk/insurers-reorganisation-and-winding-up-lloyds-regulations-2005/regulation-33",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/3"
    },
    {
      "path": "regulation/34",
      "kind": "regulation",
      "number": "34",
      "heading": "Notification of relevant decision to EEA Regulators",
      "url": "https://openlegislation.uk/insurers-reorganisation-and-winding-up-lloyds-regulations-2005/regulation-34",
      "extent": null,
      "status": "repealed",
      "parent": "part/3"
    },
    {
      "path": "regulation/35",
      "kind": "regulation",
      "number": "35",
      "heading": "Application of certain publication requirements in the principal Regulations to members",
      "url": "https://openlegislation.uk/insurers-reorganisation-and-winding-up-lloyds-regulations-2005/regulation-35",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "part/3"
    },
    {
      "path": "regulation/36",
      "kind": "regulation",
      "number": "36",
      "heading": "Notification to creditors: winding up proceedings relating to members",
      "url": "https://openlegislation.uk/insurers-reorganisation-and-winding-up-lloyds-regulations-2005/regulation-36",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "part/3"
    },
    {
      "path": "regulation/37",
      "kind": "regulation",
      "number": "37",
      "heading": "Submission of claims by EEA creditor",
      "url": "https://openlegislation.uk/insurers-reorganisation-and-winding-up-lloyds-regulations-2005/regulation-37",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "part/3"
    },
    {
      "path": "regulation/38",
      "kind": "regulation",
      "number": "38",
      "heading": "Reports to creditors",
      "url": "https://openlegislation.uk/insurers-reorganisation-and-winding-up-lloyds-regulations-2005/regulation-38",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/3"
    },
    {
      "path": "regulation/39",
      "kind": "regulation",
      "number": "39",
      "heading": "Service of notices and documents",
      "url": "https://openlegislation.uk/insurers-reorganisation-and-winding-up-lloyds-regulations-2005/regulation-39",
      "extent": null,
      "status": null,
      "parent": "part/3"
    },
    {
      "path": "part/4",
      "kind": "part",
      "number": "4",
      "heading": "APPLICATION OF PARTS 4 AND 5 OF THE PRINCIPAL REGULATIONS",
      "url": null,
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/40",
      "kind": "regulation",
      "number": "40",
      "heading": "Priority for insurance claims",
      "url": "https://openlegislation.uk/insurers-reorganisation-and-winding-up-lloyds-regulations-2005/regulation-40",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/4"
    },
    {
      "path": "regulation/41",
      "kind": "regulation",
      "number": "41",
      "heading": "Treatment of liabilities arising in connection with a contract subject to reinsurance to close",
      "url": "https://openlegislation.uk/insurers-reorganisation-and-winding-up-lloyds-regulations-2005/regulation-41",
      "extent": null,
      "status": null,
      "parent": "part/4"
    },
    {
      "path": "regulation/42",
      "kind": "regulation",
      "number": "42",
      "heading": "Assets of members",
      "url": "https://openlegislation.uk/insurers-reorganisation-and-winding-up-lloyds-regulations-2005/regulation-42",
      "extent": null,
      "status": null,
      "parent": "part/4"
    },
    {
      "path": "regulation/43",
      "kind": "regulation",
      "number": "43",
      "heading": "Application of Part 4 of the principal Regulations: protection of settlements",
      "url": "https://openlegislation.uk/insurers-reorganisation-and-winding-up-lloyds-regulations-2005/regulation-43",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/4"
    },
    {
      "path": "regulation/44",
      "kind": "regulation",
      "number": "44",
      "heading": "Challenge by reorganisation controller to conduct of insolvency practitioner",
      "url": "https://openlegislation.uk/insurers-reorganisation-and-winding-up-lloyds-regulations-2005/regulation-44",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/4"
    },
    {
      "path": "regulation/45",
      "kind": "regulation",
      "number": "45",
      "heading": "Application of Part 5 of the principal Regulations",
      "url": "https://openlegislation.uk/insurers-reorganisation-and-winding-up-lloyds-regulations-2005/regulation-45",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/4"
    },
    {
      "path": "regulation/46",
      "kind": "regulation",
      "number": "46",
      "heading": "Modification of provisions in Part 5 of the principal Regulations",
      "url": "https://openlegislation.uk/insurers-reorganisation-and-winding-up-lloyds-regulations-2005/regulation-46",
      "extent": null,
      "status": null,
      "parent": "part/4"
    },
    {
      "path": "regulation/47",
      "kind": "regulation",
      "number": "47",
      "heading": "Application of Part 5 of the principal Regulations: protection of dispositions etc. made before a Lloyd's market reorganisation order comes into force",
      "url": "https://openlegislation.uk/insurers-reorganisation-and-winding-up-lloyds-regulations-2005/regulation-47",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/4"
    },
    {
      "path": "regulation/48",
      "kind": "regulation",
      "number": "48",
      "heading": "Non-EEA countries",
      "url": "https://openlegislation.uk/insurers-reorganisation-and-winding-up-lloyds-regulations-2005/regulation-48",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "part/4"
    },
    {
      "path": "regulation/49",
      "kind": "regulation",
      "number": "49",
      "heading": "Amendment of principal Regulations",
      "url": "https://openlegislation.uk/insurers-reorganisation-and-winding-up-lloyds-regulations-2005/regulation-49",
      "extent": null,
      "status": null,
      "parent": "part/4"
    },
    {
      "path": "signature",
      "kind": "signature",
      "number": null,
      "heading": "Signature",
      "url": "https://openlegislation.uk/insurers-reorganisation-and-winding-up-lloyds-regulations-2005/signature",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "note",
      "kind": "note",
      "number": null,
      "heading": "Explanatory note",
      "url": "https://openlegislation.uk/insurers-reorganisation-and-winding-up-lloyds-regulations-2005/note",
      "extent": null,
      "status": null,
      "parent": null
    }
  ],
  "has_text": true,
  "pdfs": [
    {
      "title": "Printed copy",
      "main": true,
      "language": null,
      "date": "2008-12-08",
      "size": null,
      "url": "https://openlegislation.uk/insurers-reorganisation-and-winding-up-lloyds-regulations-2005/pdf/uksi_20051998_en.pdf",
      "source_url": "https://www.legislation.gov.uk/uksi/2005/1998/pdfs/uksi_20051998_en.pdf"
    },
    {
      "title": "Explanatory Memorandum",
      "main": false,
      "language": null,
      "date": "2008-12-08",
      "size": null,
      "url": "https://openlegislation.uk/insurers-reorganisation-and-winding-up-lloyds-regulations-2005/pdf/uksiem_20051998_en.pdf",
      "source_url": "https://www.legislation.gov.uk/uksi/2005/1998/pdfs/uksiem_20051998_en.pdf"
    }
  ],
  "outstanding_effects": [
    {
      "type": "revoked",
      "affected_provisions": "Regulations",
      "affecting": "ukpga/2023/29",
      "affecting_title": "Financial Services and Markets Act 2023",
      "affecting_provisions": "Sch. 1 Pt. 2"
    }
  ],
  "made_under": [],
  "changes_made_to": 124,
  "changes_made_to_url": "https://openlegislation.uk/insurers-reorganisation-and-winding-up-lloyds-regulations-2005/changes.json",
  "changes_made_by": 28,
  "changes_made_by_url": "https://openlegislation.uk/insurers-reorganisation-and-winding-up-lloyds-regulations-2005/changes/by-it.json",
  "instruments_made_under": 0,
  "instruments_made_under_url": "https://openlegislation.uk/insurers-reorganisation-and-winding-up-lloyds-regulations-2005/instruments.json",
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2005/1998",
    "retrieved_at": "2026-10-29T04:55:38.752001+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."
}