The Legislative Reform (Lloyd’s) Order 2008

Powers of the Council

7.—(1) Section 6 of the Act shall be amended as follows.

(2) In subsection (5)—

(a) for the words “subsections (6) and (10)” substitute “subsection (10)”;

(b) for paragraphs (a) and (b), substitute—

“(a) Committees, subcommittees or other bodies of persons (whose members need not be members of the Society), or

(b) any person (whether or not a member of the Society).”.

(3) After subsection (5) insert—

“(5A) A delegation under subsection (5) may be made—

(a) to such an extent; and

(b) on such conditions or subject to such restrictions,

as the Council considers appropriate.

(5B) A delegation of the exercise of a power or function made under subsection (5) may authorise the person or body to whom it is delegated to make a further delegation of the exercise of that power or function.”.

(4) In subsection (7)—

(a) for the words “subsections (5) and (6)” substitute “subsection (5)”;

(b) insert after “employees” the words “or officers”.

(5) In subsection (10)—

(a) for the words “under this section” substitute “under subsection (5)”;

(b) for “is revocable” substitute “may be amended or revoked”.