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Encyclopedia > Council of Lloyd's

An Act of Parliament, the Lloyd's Act 1982, defines the management structure and rules under which Lloyd's operates. Under the Act, the Council of Lloyd's is responsible for the management and supervision of the market. It is regulated by the Financial Services Authority (FSA) under the Financial Services and Markets Act 2000. Wikipedia does not have an article with this exact name. ... It has been suggested that this article or section be merged with Council of Lloyds. ...


The Council normally has six working, six external and six nominated members. The appointment of nominated members, including that of the Chief Executive Officer, is confirmed by the Governor of the Bank of England. The working and external members are elected by Lloyd's members. The Chairman and Deputy Chairmen are elected annually by the Council from among the working members of the Council. All members are approved by the FSA.


The Council can discharge some of its functions directly by making decisions and issuing resolutions, requirements, rules and byelaws. Other decisions are delegated to the Lloyd's Franchise Board and associated committees.


The Council of Lloyd's of London presently (2007) includes It has been suggested that this article or section be merged with Council of Lloyds. ...

Working
External
  • (John) Anthony Victor Townsend
  • "Dermot" Bernard Joseph O'Donohue
  • Barbara Jane Merry
  • Peter Morgan
  • David Shipley
  • Alan Charles Lovell for the Names
Nominated
  • Celia Denton
  • Bill Knight
  • Judith Hanratty
  • Philip Lader
  • Andreas Prindl
  • Richard Ward Chief executive officer

Peter Keith Levene, Baron Levene of Portsoken KBE KStJ (born December 8, 1941) is chairman of Lloyds of London and was Lord Mayor of London 1998 to 1999. ... David Shipley is an American journalist. ... Philip Lader served as the US Ambassador to the Court of St. ...

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