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10.—(1) This regulation applies when the court makes a Lloyd’s market reorganisation order.
(2) As soon as is practicable after the order has been made, the Authority must inform the EEA regulators in every EEA State—
(a)that the order has been made; and
(b)in general terms, of the possible effect of a Lloyd’s market reorganisation order on—
(i)the effecting or carrying out of contracts of insurance at Lloyd's, and
(ii)the rights of policyholders under or in respect of contracts of insurance written at Lloyd's.
(3) As soon as is reasonably practicable after a person becomes the reorganisation controller, he must—
(a)procure that notice of his appointment is posted—
(i)in the Room,
(ii)on the Society’s website, and
(iii)on the Authority’s website; and
(b)publish a notice of his appointment—
(i)once in the Gazette, and
(ii)once in such newspapers as he thinks most appropriate for securing so far as possible that the Lloyd’s market reorganisation order comes to the notice of those who may be affected by it.
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