Status: Please note you should read all Brexit changes to the FCA Handbook and BTS alongside the main FCA transitional directions. Where these directions apply the 'standstill', firms have the choice between complying with the pre-IP completion day rules, or the post-IP completion day rules. To see a full list of Handbook modules affected, please see Annex B to the main FCA transitional directions.

EG 19.19 1Insurance Accounts Directive (Lloyd’s Syndicate and Aggregate Accounts) Regulations 2008

EG 19.19.1RP

1The Lloyd’s Accounting Regulations implemented2 the Audit and Accounts Directives in relation to the Lloyd’s insurance market. They aimed2 to increase the transparency of the accounts published by Lloyd’s syndicates by imposing requirements in relation to the preparation and disclosure of the accounts. The Regulations give the FCA the power to institute criminal proceedings for an offence committed under the Regulations.

EG 19.19.2

1Our policy in relation to the prosecution of criminal offences and the circumstances in which we would expect to commence criminal proceedings is set out in EG 12.