The Insurers (Reorganisation and Winding Up) (Lloyd's) Regulations 2005

Appointment of an administrator, receiver or interim trustee in relation to a member

19.—(1) Where a Lloyd’s market reorganisation order is in force, the following appointments may be made in relation to a member or former member only where an order has been made under regulation 13(3) and has not been revoked and shall be notified to the reorganisation controller—

(a) the appointment of an administrator under paragraph 14 of Schedule B1;

(b) the appointment of an administrator under paragraph 22 of Schedule B1;

(c) the appointment of an administrative receiver;

(d) the appointment of an interim receiver; and

(e) the appointment of an interim trustee, within the meaning of the Bankruptcy (Scotland) Act 1985.

(2) The notification to the reorganisation controller under paragraph (1) must be in writing.

(3) If the requirement to notify the reorganisation controller in paragraph (1) is not complied with the administrator, administrative receiver, interim receiver or interim trustee is guilty of an offence and is liable on conviction to a fine not exceeding level 3 on the standard scale.