SCHEDULES
C1SCHEDULE 11 Loan relationships: special provisions for insurers
Annotations:
Modifications etc. (not altering text)
Part II Corporate members of Lloyd’s
7
1
This Chapter does not apply as respects any loan relationship of a corporate member of Lloyd’s in so far as rights or liabilities making up that relationship, or any securities representing them, are—
a
assets forming part of that member’s premiums trust fund; or
b
liabilities attached to that fund.
2
Section 230 of the M1Finance Act 1994 (interpretation of provisions applying to corporate members of Lloyd’s) shall apply for the purposes of this paragraph as it applies for the purposes of Chapter V of Part IV of that Act.
Sch. 11 modified (retrospective to 1.1.1995) by S.I. 1997/473, reg. 53
Sch. 11 modified (13.10.1999) by S.I. 1997/473, reg. 53ZA (as inserted (13.10.1999) by S.I. 1999/2636, reg. 6)