(1) Regulation 9 of the principal Regulations applies to a member or former member in the circumstances set out in paragraph (2) and has effect as if the modifications set out in paragraphs (3) and (4) were included in it as regards members or former members.

(2) The circumstances are where -

(a) the member or former member is subject to a Lloyd's market reorganisation order which remains in force; and

(b) no order has been made in respect of that member or former member under regulation 13(3) of these Regulations and has not been revoked.

(3) In paragraph (1) of regulation 9 of the principal Regulations, insert -

(a) after sub-paragraph (b) -

"(ba) a bankruptcy order under section 264 of the 1986 Act or under Article 238 of the 1989 Order;

(bb) an award of sequestration under the Bankruptcy (Scotland) Act 1985;";

(b) after paragraph (c) -