| Guvnor

Status: In Force
Penalty ceiling: Regulated

Does it bind you?

Business-side roles with duties under this instrument.

Financial Services Firm1

Other Acts binding the same actors

If a role above is yours, these are the other instruments that most often bind it.

Financial Services Firm — also bound by 179 other Acts

Directive 2009/138/EC of the European Parliament and of the Council of 25 November 2009 on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II) (recast) (Text with EEA 77 duties

Commission Delegated Regulation (EU) No 231/2013 of 19 December 2012 supplementing Directive 2011/61/EU of the European Parliament and of the Council with regard to exemptions, general operating conditions, depositaries, leverage, transparency and supervision (Text with EEA relevance) 63 duties

Friendly Societies Act 1992 52 duties

Commission Delegated Regulation (EU) No 153/2013 of 19 December 2012 supplementing Regulation (EU) No 648/2012 of the European Parliament and of the Council with regard to regulatory technical standards on requirements for central counterparties (Text with EEA relevance) 52 duties

The Financial Services and Markets Act 2000 (Recognition Requirements for Investment Exchanges , Clearing Houses and Central Securities Depositories ) Regulations 2001 50 duties

What it requires

Regulations creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.

s.006 Valuation of special reserve fund Regulated

Include valuation and payment details in special reserve fund reportFinancial Services Firm

7 other provisions — procedural and definitional

s.001 Citation, commencement and effect

s.002 Interpretation

s.003 Syndicate profit or loss — modification of definition — running–off syndicates

s.004 Cash calls — running–off syndicates — modification of paragraph 4 of Schedule 20

s.005 Payments into or out of special reserve fund — prescribed periods

s.007 Cessation of underwriting business — modifications of Part I of Schedule 20

s.008 (1) Paragraph 11 of Schedule 20 (tax consequences of cessation)...

Duty extraction and severity labels are Guvnor’s analysis of the instrument, not the instrument itself. Always verify against the linked source text.

The Lloyd’s Underwriters (Special Reserve Funds) Regulations 1995

Does it bind you?

Other Acts binding the same actors

What it requires