The Enterprise and Regulatory Reform Act 2013 (Consequential Amendments) (Bankruptcy) and the Small Business, Enterprise and Employment Act 2015 (Consequential Amendments) Regulations 2016

Insurers (Reorganisation and Winding Up) (Lloyd’s) Regulations 2005

9.—(1) The Insurers (Reorganisation and Winding Up (Lloyd’s) Regulations 2005(1) are amended as follows.

(2) In regulation 8 (moratorium)(2)—

(a) in paragraph (2)(b)(iii) before “a petition” insert “an application or”;

(b) in paragraph (11) for “adjudged” substitute “made”.

(3) In regulation 13(1) “(treatment of members)”(3) before sub-paragraph (d) insert—

“(ca) the making of a bankruptcy application;”.

(4) For regulation 28(3) (bankruptcy of a member: powers of reorganisation controller), substitute—

“(3) In the case of a petition presented under Article 238 of the 1989 Order, a copy of the report prepared under Article 248 of that Order must also be sent to the reorganisation controller.”.

(1)

S.I. 2005/1998.

(2)

There are amending instruments to regulation 8 but none is relevant.

(3)

There are amending instruments to regulation 13 but none is relevant.