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Advance consents

Advance consents reduce the administrative burden on managing agents. Instead of managing agents having to apply to Lloyd’s for certain permissions, Lloyd’s gives “advance consent” provided the managing agent meets specific conditions.

Requirements & Standards

View all 'Requirements & Standards'

Current Advance Consents

Limited Tenancy Capacity

Advance consent granted to a number of commonly requested variations to the standard Managing Agents Agreements. By giving this advance consent, it is intended to make it quicker and more efficient for managing agents when bringing new members onto a syndicate on a Limited Tenancy Capacity basis.

The details of the advance consent are set out in Market Bulletin Y5444, which can be downloaded below.

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All amendments to Managing Agents Agreements adopted which rely on this advance consent must be notified to Lloyd’s by the managing agent in respect of each member. Notification must be within 14 days of the variations being executed by the parties. Notifications must be submitted using the Lloyd’s prepared template which can be downloaded below.

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