Amendment of regulation 16
11.  Regulation 16 of the principal Regulations is amended —
(a)by deleting the words “of a policy owner of a policy issued by a member of Lloyd’s” in paragraph (3) and substituting the words “in respect of a policy issued”; and
(b)by deleting the words “of a policy owner of a policy issued by a member of Lloyd’s under these Regulations” in paragraph (5).