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by : Alpha Insurance Analysts

On 21st May, Lloyd’s convened an EGM in order for members to consider the following resolution:

“That the Society consents to the proposals for amendments to Lloyd’s Act 1982 described in the Consultation Document “Proposals for a Legislative Reform Order to amend Lloyd’s Act 1982″ published by HM Treasury in March 2008 to be made by an Order of two of the Lords Commissioners of HM Treasury under the Legislative and Regulatory Reform Act 2006 (a draft of the Order is set out in the Annex to the Consultation Document);

That the Society authorises the Council or a sub-group appointed by it for these purposes to consider and agree to any variations to those proposals.”