Search Legislation

The Insurance Accounts Directive (Lloyd's Syndicate and Aggregate Accounts) Regulations 2008

Changes to legislation:

There are currently no known outstanding effects for the The Insurance Accounts Directive (Lloyd's Syndicate and Aggregate Accounts) Regulations 2008. Help about Changes to Legislation

Close

Changes to Legislation

Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.

  1. Introductory Text

  2. PART 1 GENERAL

    1. 1.Citation, commencement and application

    2. 2.Interpretation

    3. 3.Senior Statutory Auditor

    4. 4.Summary proceedings

  3. PART 2 SYNDICATE ACCOUNTS

    1. 5.Preparation of syndicate's annual accounts

    2. 6.Preparation of syndicate underwriting year accounts

    3. 7.Approval and signing of accounts

    4. 8.Accounts to be sent to syndicate members, the Council of Lloyd's and the Authority

    5. 9.Publication of syndicate accounts and reports

    6. 10.Auditor's report

    7. 11.Duties of auditors

    8. 12.Signature of auditor's report

    9. 13.Names to be stated in copies of auditor's report published or filed

    10. 14.Circumstances in which names may be omitted

    11. 15.Requirements in connection with publication of statutory accounts

    12. 16.Delivery and publication of accounts in euros

    13. 17.Penalties for non-compliance

  4. PART 3 AGGREGATE ACCOUNTS

    1. 18.Preparation of aggregate accounts by Council of Lloyd's

    2. 19.Approval and signing of aggregate accounts

    3. 20.Preparation of annual report by the Council of Lloyd's

    4. 21.Approval and signing of annual report

    5. 22.Auditor's report

    6. 23.Signature of auditor's report

    7. 24.Names to be stated in copies of auditor's report published or filed

    8. 25.Circumstances in which names may be omitted

    9. 26.Duties of auditors

    10. 27.Aggregate accounts and annual report of Council to be delivered to the Authority and published

    11. 28.Penalties for non-compliance

  5. PART 4 Regulation by the Authority

    1. 29.Functions of the Authority

  6. PART 5 Revocation and consequential provision

    1. 30.Revocation

    2. 31.Consequential amendment

    3. 32.Review

  7. Signature

    1. SCHEDULE 1

      SYNDICATE ACCOUNTS

      1. PART 1 GENERAL PROVISIONS

        1. 1.Syndicate's annual accounts

        2. 2.Compliance with Regulations

        3. 3.Information about related undertakings

        4. 4.Information about employee numbers and staff

        5. 5.Information about emoluments of managing agents and other benefits of managing and others

        6. 6.Information about directors' benefits: advances and credit

        7. 7.Off-balance sheet arrangements

      2. PART 2 MANAGING AGENT'S REPORT

        1. 8.Managing agent's report: general requirements

        2. 9.Managing agent's report: business review

        3. 10.Financial instruments

        4. 11.Statement as to disclosure of information to auditors

        5. 12.Approval and signing of managing agent's report

      3. PART 3 AUDITORS

        1. 13.Appointment of syndicate auditors

        2. 14.Term of office of auditors of syndicate

        3. 15.Prevention by members of deemed re-appointment of auditor

        4. 16.Removal of auditor on improper grounds

        5. 17.Duty of auditor to notify appropriate audit authority

        6. 18.Duty of managing agent to notify appropriate audit authority

    2. SCHEDULE 2

      AUDITOR'S REMUNERATION

      1. 1.Disclosure required in notes to accounts

      2. 2.(1) There must be disclosed in a note to a...

      3. 3.Disclosure of types of service

      4. 4.Meaning of “associate of auditor” and “distant associate”

      5. 5.Duty of auditor to supply information

    3. SCHEDULE 3

      PROVISIONS APPLYING TO AGGREGATE ACCOUNTS

      1. PART 1 GENERAL PROVISIONS AND ANNUAL REPORT

        1. 1.Disclosure required in notes to accounts: off-balance sheet arrangements

        2. 2.Annual report: general requirements

        3. 3.Annual report: business review

        4. 4.Statement as to disclosure of information to auditors

      2. PART 2 AUDITORS

        1. 5.Appointment of auditor for aggregate accounts

        2. 6.Term of office of auditors of the aggregate accounts

        3. 7.Prevention by members of deemed re-appointment of auditor

        4. 8.Removal of auditors on improper grounds

        5. 9.Duty of auditor to notify appropriate audit authority

        6. 10.Duty of Council of Lloyd's to notify the appropriate audit authority

  8. Explanatory Note

Back to top

Options/Help

Print Options

Close

Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.

Close

Opening Options

Different options to open legislation in order to view more content on screen at once

Close

Explanatory Memorandum

Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified and accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources
Close

Timeline of Changes

This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.

Close

More Resources

Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as made version that was used for the print copy
  • correction slips

Click 'View More' or select 'More Resources' tab for additional information including:

  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • links to related legislation and further information resources