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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 April 2013 - onwards
Version 3 of 3

Regulation 11 Market reorganisation plan

(1) The reorganisation controller may require any affected market participant, and any Lloyd's broker, approved run-off company, coverholder, the Society, subsidiary of the Society or trustee of a relevant trust fund -

(a) to provide him with any information he considers useful to him in the achievement of the objectives set out in regulation 5; and

(b) to carry out such work as may be necessary to prepare or organise information as the reorganisation controller may consider useful to him in the achievement of those objectives.

(2) As soon as is reasonably practicable and in any event by such date as the court may require, the reorganisation controller must prepare a plan ("the market reorganisation plan") for achieving the objectives of the Lloyd's market reorganisation order.

(3) The reorganisation controller must send a copy of the market reorganisation plan to the PRA and to the Society.

(4) Before the end of a period of one month beginning with the day on which it receives the market reorganisation plan, the PRA must notify the reorganisation controller and the Society in writing of its decision to -