At an Extraordinary General Meeting held on 21 May 2008, the membership of Lloyd's of London approved a resolution to consent to the proposals to amend the Lloyd's Act 1982 by means of a Legislative Reform Order. The proposals are as described in the Consultation Document issued by HM Treasury in March 2008 and summarised in a letter sent to all members of Lloyd's by the Chairman of Lloyd's on 7 March 2008.
The vote was held on a capacity-weighted basis. According to figures released by Electoral Reform Services, the result of the vote on a capacity-weighted basis is as follows:
For: 99.14%
Against: 0.86%
Turnout: 51.77%
