S. 76 in force at 1.4.2013 by S.I. 2013/423, art. 3, Sch.

http://www.legislation.gov.uk/ukpga/2012/21/section/76/2017-03-01Financial Services Act 2012An Act to amend the Bank of England Act 1998, the Financial Services and Markets Act 2000 and the Banking Act 2009; to make other provision about financial services and markets; to make provision about the exercise of certain statutory functions relating to building societies, friendly societies and other mutual societies; to amend section 785 of the Companies Act 2006; to make provision enabling the Director of Savings to provide services to other public bodies; and for connected purposes.texttext/xmlenStatute Law Database2026-08-12Expert Participation2017-03-01Financial Services Act 2012ActWater Act 2014s. 79(4)s. 94(3)Financial Services Act 2012ActWater Act 2014s. 81(10)s. 94(3)PART 5Inquiries and investigationsInvestigations
76Modification of section 74 in relation to Lloyd's(1)

This section applies only if PRA-authorised persons include—

(a)

the Society, or

(b)

other persons who carry on regulated activities in relation to anything done at Lloyd's.

(2)

Section 74 has effect as if—

(a)

in subsection (1)(a) (and section 75(3)), the reference to a PRA-authorised person included a reference to a member of the Society,

(b)

in subsection (2)(a)(i), the reference to one or more PRA-authorised persons included a reference to the Society, and the members of the Society, taken together, and

(c)

in subsection (2)(a)(ii), the reference to a PRA-authorised person carrying on the activity of effecting and carrying out contracts of insurance included a reference to—

(i)

the Society, or

(ii)

any other person who carries on PRA-regulated activities in relation to anything done at Lloyd's.

(3)

In this section—

(a)

“PRA-regulated activity” is to be read in accordance with section 22A of FSMA 2000, and

(b)

terms which are defined in Lloyd's Act 1982 have the same meaning as in that Act.