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23.—(1) The Insurers (Reorganisation and Winding Up) (Lloyd's) Regulations 2005 M1 are amended as follows.
(2) In regulation 2 (interpretation) in the definition of “the association of underwriters known as Lloyd's” for the words from “the First Council Directive of 24 July 1973” to the end of the definition substitute “ Directive 2009/138/EC of the European Parliament and of the Council of 25 November 2009 on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II); ”.
Marginal Citations
M1S.I. 2005/1998, to which there are amendments not relevant to these Regulations.