Council of Lloyd's
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Template:Merge Template:Wikify 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.
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 Lloyds of London presently (2007) includes
- Working
- Peter Levene, Baron Levene of Portsoken Chairman
- Graham White, deputy chairman
- Ewen Gilmour, deputy chairman
- Nigel Hanbury
- (Charles Neville) Rupert Atkin
- Christopher Gill Harman
- 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
