Section 324(1)

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.

← 324 · All articles · 2 →

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