Part XIX Lloyd’s

General

314 Authority’s general duty.

1

The Authority must keep itself informed about—

a

the way in which the Council supervises and regulates the market at Lloyd’s; and

b

the way in which regulated activities are being carried on in that market.

2

The Authority must keep under review the desirability of exercising—

a

any of its powers under this Part;

b

any powers which it has in relation to the Society as a result of section 315.