Regulation 10 Announcement of appointment of controller

United Kingdom

(1)

This regulation applies when the court makes a Lloyd's market reorganisation order.

F1(2)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(3)

As soon as is reasonably practicable after a person becomes the reorganisation controller, he must—

(a)

procure that notice of his appointment is posted—

(i)

in the Room,

(ii)

on the Society's website, and

(iii)

on F2the PRA's website; and

(b)

publish a notice of his appointment—

(i)

once in the Gazette, and

(ii)

once in such newspapers as he thinks most appropriate for securing so far as possible that the Lloyd's market reorganisation order comes to the notice of those who may be affected by it.

Annotations

Textual amendments

F1: Reg. 10(2) omitted (31.12.2020) by virtue of The Credit Institutions and Insurance Undertakings Reorganisation and Winding Up (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/38), regs. 1(3), 4(3); 2020 c. 1, Sch. 5 para. 1(1)
F2: Words in reg. 10 substituted (1.4.2013) by The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013 (S.I. 2013/472), Sch. 2 para. 109(e)