http://www.legislation.gov.uk/id/ukpga/Geo6/12-13-14/47/schedule/TENTH/enacted

SCHEDULES

TENTH SCHEDULEProvisions as to Arrangements for Special Reserve Funds in relation to Lloyd's and Other Underwriters

Setting up and management of, and payments into and out of, special reserve funds

5

The arrangements must provide for the income arising from the investments of the underwriter's special reserve fund or funds being held on trust for the underwriter, his personal representatives or assigns.