43 Lloyd's: cessation of business by corporate members
Finance Act 2007 (2007 c 11) | Legislation

43  Lloyd's: cessation of business by corporate members

(1)     In FA 1994, after section 227A (inserted by section 33) insert—

“227B Transfer of underwriting business without change of ownership

(1)     This section applies where, in accordance with the rules or practice of Lloyd's, a corporate member (“the successor”) has taken up the syndicate capacity of another corporate member

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