Financial Services Act 2012
2012 CHAPTER 21
Commentary
Part 5 – Inquiries and Investigations
Investigations
Section 76: Modification of section 74 in relation to Lloyd’s
535.Section 76 modifies the application of section 74 in so far as it applies to Lloyd’s. These modifications are necessary as Lloyd’s members are not authorised persons and so section 74 would not, without modification, apply in an appropriate manner in relation to the exercise by the PRA of its functions in relation to Lloyd’s.
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