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The Insurers (Reorganisation and Winding Up) (Lloyd's) Regulations 2005
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- UK Statutory Instruments
- 2005 No. 1998
- PART 2
- Regulation 18
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The Insurers (Reorganisation and Winding Up) (Lloyd's) Regulations 2005, Section 18 is up to date with all changes known to be in force on or before 03 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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Changes and effects yet to be applied to Regulation 18:
- Regulations revoked by 2023 c. 29 Sch. 1 Pt. 2
Powers of reorganisation controller: [F1section 899 compromise or arrangement] U.K.
This section has no associated Explanatory Memorandum
18.—(1) The reorganisation controller may apply to the court for an order that a meeting or meetings be summoned under [F2section 896(1) of the 2006 Act (court order for holding of meeting)] in connection with a compromise or arrangement in relation to a member or former member.
(2) Where a member, its creditors or members make an application under [F3section 896(1)] the reorganisation controller is entitled to attend and be heard at any hearing.
(3) Where a meeting is summoned under [F4section 896(1)], the reorganisation controller is entitled to attend the meeting so summoned and to participate in it (but not to vote at it).
Textual Amendments
F1Words in reg. 18 heading substituted (12.5.2011) by The Companies Act 2006 (Consequential Amendments and Transitional Provisions) Order 2011 (S.I. 2011/1265), arts. 1(2), 27(4)
F2Words in reg. 18(1) substituted (12.5.2011) by The Companies Act 2006 (Consequential Amendments and Transitional Provisions) Order 2011 (S.I. 2011/1265), arts. 1(2), 27(5)(a)
F3Words in reg. 18(2) substituted (12.5.2011) by The Companies Act 2006 (Consequential Amendments and Transitional Provisions) Order 2011 (S.I. 2011/1265), arts. 1(2), 27(5)(b)
F4Words in reg. 18(3) substituted (12.5.2011) by The Companies Act 2006 (Consequential Amendments and Transitional Provisions) Order 2011 (S.I. 2011/1265), arts. 1(2), 27(5)(c)
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