The full DCA application process is used when a new legal entity wishes to establish itself as an approved Lloyd's DCA. Each application requires sponsoring by a Lloyd’s managing agent who perform their own due diligence of the application before it is submitted to the Lloyd’s Delegated Authority team.
The Lloyd’s DCA Due Diligence Questionnaire, available below, includes the areas that Lloyd’s would generally expect a managing agent to consider as part of its assessment. Lloyd’s will rely on the due diligence that a managing agent has carried out and their overall assessment of that DCA.