The Insurance Accounts Directive (Lloyd’s Syndicate and Aggregate Accounts) Regulations 2004
These Regulations implement Directive 2003/51/EC of the European Parliament and of the Council amending Directives 78/660/EC, 83/349/EEC, 86/635/EEC and 91/674/EEC as regards modernising the annual and consolidated accounts of certain types of companies, banks, other financial institutions and insurance undertakings to bring the preparation of those accounts more into line with international accounting standards (OJ L 178, 17/07/2003, p.16 – 22) (“the Modernisation Directive”), in relation to Lloyd’s of London.