(1) The members of the Council of Lloyd's must prepare aggregate accounts for each financial year by cumulating all the syndicate annual accounts prepared in accordance with regulation 5 for that year.

(2) The aggregate accounts must consist of -

(a) an aggregate balance sheet as at the last day of the financial year; and

(b) an aggregate profit and loss account.

Those accounts are referred to in these Regulations as the "aggregate accounts".

(3) The aggregate accounts must -

(a) be prepared within the period of 6 months beginning immediately after the end of the financial year; and

(b) state that they are prepared under these Regulations.

(4) Subject to the modification in paragraph (4A), the aggregate accounts must comply with the provisions of Schedule 3 to the 2008 Regulations (insurance companies: Companies Act individual accounts), other than the provisions (or parts of provisions) set out in paragraph (5) as to -

(a) the form and content of the aggregate balance sheet and aggregate profit and loss account; and