Lloyd’s security trust fund instrument No. 1 of 2017 (Cth)

Lloyd's security trust fund instrument No. 1 of 2017

Insurance Act 1973

I, Heidi Richards, delegate of APRA, under subsection 68(1) of the Insurance Act 1973 (the Act), REQUIRE Lloyd's to comply with the document that forms the Schedule to this instrument, titled "Lloyd's Security Trust Fund Arrangements".

This instrument takes effect on the date of registration on the Federal Register of Legislation.

Dated: 12 April 2017

[Signed]

_________________________________

Heidi Richards General Manager Policy & Advice Division

Interpretation

In this instrument:

APRA means the Australian Prudential Regulation Authority.

Lloyd's has the meaning given in subsection 3(1) of the Act.

Schedule

Lloyd's Security Trust Fund Arrangements comprises the 23 pages commencing on the following page.

Lloyd's Security Trust Fund Arrangements

Table of contents

Name of instrument Commencement Authority Application Interpretation Security trust funds Approval of trust deeds Approval of trustees Funding Information Records Notices Agreements Review of APRA's decisions Determinations made under previous instrument Attachment A – Security trust funds Equitas fund Interim fund New business fund Reserve fund Attachment B – Funding requirements Attachment C – Accounts and statements Part 1 - Commentary Part 2 - Forms Attachment D – Audited accounts and statements Part 1 - Commentary Part 2 - Forms

Name of instrument 1. This instrument is the Lloyd's Security Trust Fund Arrangements.

Commencement 2. This instrument commences on the date of registration on the Federal Register of Legislation.

Authority 3. This instrument is made under subsection 68(1) of the Insurance Act 1973 (the Act).

Application 4. This instrument applies to Lloyd's.

Interpretation 5. In this instrument:[1]