Regulation of Lloyd's
Lloyd's is regulated by the UK Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA), under the Financial Services and Markets Act 2000.
Lloyd's managing agents are also dual-regulated by the FCA and the PRA. Members' agents and Lloyd's brokers are regulated by the FCA.
The FCA, the PRA and Lloyd's have common objectives in ensuring that the Lloyd's market is appropriately regulated. To minimise duplication, there are arrangements with Lloyd's for co-operation on supervision and enforcement.