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Cooperation agreement with FCA Cooperation agreement with PRA According to Guardian, Lloyd`s had outsourced its corporate whistleblower hotline, but failed to reach a new agreement when the contract with its previous supplier expired in autumn 2017. Lloyd`s has agreed to submit annual reports to the PRA on all whistleblowing activities by 2022. Its reports will include the whistleblowing channels made available to staff in the previous year; the training that staff have received in the areas of whistleblowing and complaint; the number of notifications of denunciation received; and its whistleblowing plan for next year. Whistleblower treatment leads to lawsuit against Lloyds of London For more information on Lloyd`s regulation, please contact: Twewah Marfo Head of Compliance Tel: +44 (0) 20 7327 6004 The continuation of insurance activities of any kind by members of the Company, including guarantee operations, Although other whistleblowing channels, including an app, were available during this time, the phone line was the only method to file a complaint anonymously. As part of its rehabilitation, Lloyd`s agreed to meet additional whistleblowing requirements. The PRA was also aware that, during the period under review, Lloyd`s had alternative channels for whistleblowers. Nevertheless, the announcement is a timely reminder of the importance of verifying the practical effectiveness of such internal processes and arrangements. The FCA, PRA and Lloyd`s have common objectives to ensure that the Lloyd`s market is properly regulated. In order to minimise duplication, there are cooperation agreements with Lloyd`s on supervision and implementation.

The Lloyd`s market is an insurance market whose origins date back to the seventeenth century. The traders met at the Edward Lloyds Café in London and agreed to take over each other`s activities. As international trade was done by sea, until the end of the nineteenth century, the activity insured by Lloyd`s was almost exclusively transport insurance. Now the Lloyd`s Insurance Market in most business classes.