Section 324

In this Part— “arranging deals”, in relation to the investments to which this Part applies, has the same meaning as in paragraph 3 of Schedule 2; “former underwriting member” means a person ceasing to be an underwriting member of the Society on, or at any time after, 24 December 1996; and “participation in Lloyd’s syndicates”, in relation to the secondary market activity, means the investment described in sub-paragraph (1) of paragraph 21 of Schedule 2. A term used in this Part which is defined in Lloyd’s Act 1982 has the same meaning as in that Act.

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Source: legislation.gov.uk · retrieved 2026-09-04