LLD 22
Application
of PRU 5 to Lloyd's
LLD 22.1
Section 150 of the Act (Actions for damages)
- 01/01/2005
LLD 22.1.1
See Notes
A
contravention of the rules in
this chapter does not give rise to a right of action by a private person under section 150 of the Act (Actions for damages)
and each of those rules is
specified under section 150(2) of the Act as
a provision giving rise to no such right of action.
- 01/01/2005
LLD 22.2
Liquidity risk systems and controls
- 01/01/2005
Application of PRU 5.1
LLD 22.2.1
See Notes
PRU 5.1 applies to managing agents and to the Society in accordance with:
(1) for managing agents, LLD 16.3.3 R; and
(2) for the Society, LLD 16.3.1 R.
- 01/01/2005
LLD 22.2.2
See Notes
In accordance with LLD 18.4.2 R, the rules and guidance in PRU
5.1 relating to the establishment and maintenance of a business plan
do not apply to the Society.
- 01/01/2005