2
Amendments to trust deeds, standard form letters of credit and guarantee arrangements
2.1
Except in urgent cases, the PRA expects the Society to consult members, managing agents and other interested parties in the Lloyd’s market in relation to any proposed new Lloyd’s trust deed or amendments to any existing deed before the new deed or amendments take effect.
- 01/01/2016
2.2
The PRA would normally expect to receive the information required in Lloyd’s 6.3 for any new or amended Lloyd’s trust deed not less than three months in advance of the proposed change.
- 01/01/2016
2.3
The PRA would also expect the Society to apply the approach in paragraphs 2.1 and 2.2 above in case of amendments to standard form letters of credit and guarantee arrangements.
- 01/01/2016