SCHEDULES

SCHEDULE 21 Lloyd’s underwriters: individuals

Interpretation

8

1

In subsection (1) of section 184 of the 1993 Act (interpretation and commencement)—

a

in the definition of “ancillary trust fund”, the words “or the managing agent of a syndicate of which he is a member” shall cease to have effect; and

b

in the definition of “member”, for the words “a member of Lloyd’s who” there shall be substituted the words “ an individual who is a member of Lloyd’s and ”.

2

In subsection (2)(c) of that section, for the word “agent”, in both places where it occurs, there shall be substituted the words “ managing agent ”.