{
  "url": "https://openlegislation.uk/insurers-reorganisation-and-winding-up-lloyds-regulations-2005/regulation-3",
  "json_url": "https://openlegislation.uk/insurers-reorganisation-and-winding-up-lloyds-regulations-2005/regulation-3.json",
  "legislation": "uksi/2005/1998",
  "legislation_title": "The Insurers (Reorganisation and Winding Up) (Lloyd's) Regulations 2005",
  "legislation_url": "https://openlegislation.uk/insurers-reorganisation-and-winding-up-lloyds-regulations-2005",
  "path": "regulation/3",
  "kind": "regulation",
  "number": "3",
  "heading": "Lloyd's market reorganisation order",
  "text": "(1) In these Regulations “Lloyd's market reorganisation order” means an order which—\n(a) is made by the court in relation to the association of underwriters known as Lloyd's;\n(b) appoints a reorganisation controller; and\n(c) on the making of which there comes into force a moratorium on the commencement of—\n(i) proceedings, or\n(ii) other legal processes\nset out in regulation 8 in respect of affected market participants, the Society and subsidiaries of the Society.\n(2) A Lloyd's market reorganisation order applies to—\n(a) every member, former member, managing agent, members' agent, Lloyd's broker and approved run-off company who has not been excluded from the order in accordance with regulation 7;\n(b) every coverholder who has been included in the order in accordance with regulation 7;\n(c) the Society; and\n(d) subsidiaries of the Society.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2005/1998/regulation/3",
    "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."
}