SCHEDULES

SCHEDULE 10 Stock lending arrangements and manufactured payments

Part I Stock lending

Premiums trust funds of Lloyd’s members

6

The following provisions of Chapter III of Part II of the M1Finance Act 1993 and Chapter V of Part IV of the M2Finance Act 1994 (Lloyd’s members) shall cease to have effect—

a

section 174(4) and (5) and section 182(1)(ca)(i) of that Act of 1993 (stock lending arrangements applying to securities in the premiums trust funds of individual members); and

b

section 222(4) and (5) and section 229(ca)(i) of that Act of 1994 (which makes corresponding provision for the premiums trust funds of corporate members).