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  1. Insurers (Reorganisation and Winding Up) (Lloyd's) Regulations 2005 [SI 2005 No. 1998]
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Version status: In force | Document consolidation status: Updated to reflect all known changes
Published date: 19 July 2005

Insurers (Reorganisation and Winding Up) (Lloyd's) Regulations 2005 [SI 2005 No. 1998]

Consolidation Status: Updated to reflect all known changes

To be revoked by s. 1 and Sch. 1 Pt 2 to the Financial Services and Markets Act 2023 (c. 29) (FSMA 2023), Sch. 1 Pt 2 not yet fully commenced.

Comparing proposed amendment...
Introductory Text
Part 1 General (regs. 1-2)
In force
 Regulation 1 Citation and commencement
In force
 Regulation 2 Interpretation
Part 2 Lloyd's market reorganisation order (regs. 3-31)
In force
 Regulation 3 Lloyd's market reorganisation order
In force
 Regulation 4 Condition for making order
In force
 Regulation 5 Objectives of a Lloyd's market reorganisation order
In force
 Regulation 6 Application for a Lloyd's market reorganisation order
In force
 Regulation 7 Powers of the court
In force
 Regulation 8 Moratorium
In force
 Regulation 9 Reorganisation controller
In force
 Regulation 10 Announcement of appointment of controller
In force
 Regulation 11 Market reorganisation plan
In force
 Regulation 12 Remuneration of the reorganisation controller
In force
 Regulation 13 Treatment of members
In force
 Regulation 14 Revocation of an order under regulation 13
In force
 Regulation 15 Reorganisation controller's powers: voluntary arrangements in respect of a member
In force
 Regulation 16 Reorganisation controller's powers: individual voluntary arrangements in respect of a member
In force
 Regulation 17 Reorganisation controller's powers: trust deeds for creditors in Scotland
In force
 Regulation 18 Powers of reorganisation controller: section 899 compromise or arrangement
In force
 Regulation 19 Appointment of an administrator, receiver or interim trustee in relation to a member
In force
 Regulation 20 Reorganisation controller's powers: administration orders in respect of members
In force
 Regulation 21 Reorganisation controller's powers: receivership in relation to members
In force
 Regulation 22 Syndicate set-off
In force
 Regulation 23 Voluntary winding up of members: consent of reorganisation controller
In force
 Regulation 24 Voluntary winding up of members: powers of reorganisation controller
In force
 Regulation 25 Petition for winding up of a member by reorganisation controller
In force
 Regulation 26 Winding up of a member: powers of reorganisation controller
In force
 Regulation 27 Petition for bankruptcy of a member by reorganisation controller
In force
 Regulation 28 Bankruptcy of a member: powers of reorganisation controller
In force
 Regulation 29 Petition for winding up of the Society by reorganisation controller
In force
 Regulation 30 Winding up of the Society: service of petition etc. on reorganisation controller
In force
 Regulation 31 Payments from central funds
Part 3 Modification of law of insolvency: notification and publication (regs. 32-39)
In force
 Regulation 32 Application of Parts 3 and 4
In force
 Regulation 33 Notification of relevant decision to PRA
Omitted
 Regulation 34 Notification of relevant decision to EEA Regulators
Omitted
 Regulation 35 Application of certain publication requirements in the principal Regulations to members
Omitted
 Regulation 36 Notification to creditors: winding up proceedings relating to members
Omitted
 Regulation 37 Submission of claims by EEA creditor
In force
 Regulation 38 Reports to creditors
In force
 Regulation 39 Service of notices and documents
Part 4 Application of Parts 4 and 5 of the principal regulations (regs. 40-49)
In force
 Regulation 40 Priority for insurance claims
In force
 Regulation 41 Treatment of liabilities arising in connection with a contract subject to reinsurance to close
In force
 Regulation 42 Assets of members
In force
 Regulation 43 Application of Part 4 of the principal Regulations: protection of settlements
In force
 Regulation 44 Challenge by reorganisation controller to conduct of insolvency practitioner
In force
 Regulation 45 Application of Part 5 of the principal Regulations
In force
 Regulation 46 Modification of provisions in Part 5 of the principal Regulations
In force
 Regulation 47 Application of Part 5 of the principal Regulations: protection of dispositions etc. made before a Lloyd's market reorganisation order comes into force
In force
 Regulation 48 Non-EEA countries
In force
 Regulation 49 Amendment of principal Regulations
Signature
Explanatory Note
Explanatory Memorandum
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