Written question asked by Earl Alexander of Tunis (Conservative), in the House of Lords. It was due for an answer on Tuesday, 26 March 1996. It was answered by Baroness Miller of Hendon (Conservative) on Tuesday, 26 March 1996.

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Miller of Hendon, Baroness

Question

What, in the light of the fact that the Department of Trade and Industry have since the early 1970s and the European Communities' First Non-Life Directive considered losses to be mutalised, they consider to be legal position of Lloyd's Names who have for the last twenty years been recruited on the basis of being sole traders, and whether by implication the published statements recruiting investors to Lloyds were untrue in a material respect.

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Secondary information

Type

Written question

Reference

570 c129WA

Session

1995-96

Subjects

Companies Finance Liability Insurance companies Insolvency Lloyds of London