The Legislative Reform (Lloyd’s) Order 2008

The Committee

5.—(1) The Act shall be amended as follows.

(2) In section 2(1) (interpretation), omit the definition of “the Committee”.

(3) Section 5 (the Committee) shall cease to have effect.

(4) Section 6 (powers of the Council and of the Committee) shall be amended as follows—

(a) in the side-note, omit the words “and of the Committee”;

(b) in subsection (5), paragraphs (c) to (e) shall cease to have effect;

(c) subsections (6), (8) and (9) shall cease to have effect;

(d) in subsection (7), omit the words “or of the Committee”;

(e) in subsection (11), omit the words “or Committee” wherever they occur.

(5) Section 7(3) (the Disciplinary Committee and the Appeal Tribunal) shall cease to have effect.

(6) In section 13(1) (application of certain provisions of Companies Act 1948 c.38), omit the words “, the Committee”.

(7) In section 15(2) (repeals and amendments) omit the words from “Provided that” to the end of the subsection.

(8) Schedule 2 (purposes for which byelaws may be made) shall be amended as follows—

(a) in the opening words of Schedule 2, omit “and of the Committee”;

(b) in paragraph (6) omit the words “and of the Committee” on each occasion they occur;

(c) in paragraph (7) omit sub-paragraph (b) and the preceding “and”;

(d) in paragraph (8) omit the words “and the Chairman and Deputy Chairmen of the Committee”;

(e) in paragraph (10)(a) omit the words “or of sub-committees of the Committee”;

(f) in paragraph (10)(b) omit the words “or the Committee”;

(g) in paragraph (11) for the words “the Committee or any other” substitute “any”.