UK Statutory Instrument
2008
United Kingdom
Insurance Accounts Directive (Lloyd's Syndicate and Aggregate Accounts) Regulations 2008
At a glance
Enforced by
What this Act requires
Sections that create concrete duties on businesses or carry penalties. Procedural and definitional sections are folded into the “Browse other sections” expander at the bottom of each group. Click any section title to read the source text on legislation.gov.uk.
Schedules
Browse 33 other Schedules — structural / supplementary
Financial instruments
Statement as to disclosure of information to auditors
Approval and signing of managing agent's report
Appointment of syndicate auditors
Term of office of auditors of syndicate
Prevention by members of deemed re-appointment of auditor
Removal of auditor on improper grounds
Duty of auditor to notify appropriate audit authority
Duty of managing agent to notify appropriate audit authority
Compliance with Regulations
Information about related undertakings
Information about employee numbers and staff
Information about emoluments of managing agents and other benefits of managing and others
Information about directors' benefits: advances and credit
Off-balance sheet arrangements
Managing agent's report: general requirements
Managing agent's report: business review
Disclosure required in notes to accounts
(1) There must be disclosed in a note to a...
Disclosure of types of service
Meaning of “associate of auditor” and “distant associate”
Duty of auditor to supply information
Disclosure required in notes to accounts: off-balance sheet arrangements
Duty of Council of Lloyd's to notify the appropriate audit authority
Annual report: general requirements
Annual report: business review
Statement as to disclosure of information to auditors
Appointment of auditor for aggregate accounts
Term of office of auditors of the aggregate accounts
Prevention by members of deemed re-appointment of auditor
Removal of auditors on improper grounds
Duty of auditor to notify appropriate audit authority
Browse 32 other sections — procedural / definitional / commencement
Citation, commencement and application
Interpretation
Senior Statutory Auditor
Summary proceedings
Preparation of syndicate's annual accounts
Preparation of syndicate underwriting year accounts
Approval and signing of accounts
Accounts to be sent to syndicate members, the Council of Lloyd's and the Authority
Publication of syndicate accounts and reports
Auditor's report
Duties of auditors
Signature of auditor's report
Names to be stated in copies of auditor's report published or filed
Circumstances in which names may be omitted
Requirements in connection with publication of statutory accounts
Delivery and publication of accounts in euros
Penalties for non-compliance
Preparation of aggregate accounts by Council of Lloyd's
Approval and signing of aggregate accounts
Preparation of annual report by the Council of Lloyd's
Approval and signing of annual report
Auditor's report
Signature of auditor's report
Names to be stated in copies of auditor's report published or filed
Circumstances in which names may be omitted
Duties of auditors
Aggregate accounts and annual report of Council to be delivered to the Authority and published
Penalties for non-compliance
Functions of the Authority
Revocation
Consequential amendment
Review
Enforcement and responsible bodies
The regulators that administer or enforce this legislation.
Financial Reporting Council
Regulates auditors, accountants, and actuaries. Sets UK Corporate Governance Code and Stewardship Code. Monitors corporate reporting and audit quality. Planned to become …
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